Md. Code Ann., Corps. & Ass'ns § 2-117
Emergency provisions, notice of meeting; good faith
Effective Oct 1, 2024Added by Acts 2024, c. 608, § 1, eff. Oct. 1, 2024; Acts 2024, c. 609, § 1, eff. Oct. 1, 2024.State of Maryland
- (a) In this section, “emergency” has the meaning stated in § 2-116 of this subtitle.
(b) During an emergency, unless the bylaws contain emergency provisions providing otherwise, notice of a meeting of the board of directors may be given:
- (1) Only to those directors whom it is practicable to reach in the circumstances;
- (2) In any practicable manner given the circumstances; and
- (3) With shorter notice as is reasonable in the circumstances.
(c) Any corporate act taken in good faith under this section during an emergency:
- (1) Binds the corporation; and
- (2) May not be used to impose liability on a director, an officer, an employee, or an agent of the corporation.
Added by Acts 2024, c. 608, § 1, eff. Oct. 1, 2024; Acts 2024, c. 609, § 1, eff. Oct. 1, 2024.