Md. Code Ann., Corps. & Ass'ns § 2-403
Requisite qualifications of directors
Effective Oct 1, 2014Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 2014, c. 550, § 1, eff. Oct. 1, 2014; Acts 2014, c. 551, § 1, eff. Oct. 1, 2014.State of Maryland
- (a) Each director and each nominee for director of a corporation shall have the qualifications required by the charter or bylaws of the corporation.
- (b) Unless required by its charter or bylaws, a director need not be a stockholder in the corporation.
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 2014, c. 550, § 1, eff. Oct. 1, 2014; Acts 2014, c. 551, § 1, eff. Oct. 1, 2014.
Formerly Art. 23, § 52.