Md. Code, Corporations and Associations § 2-405.3
This is the official text of Md. Code, Corporations and Associations § 2-405.3, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§2–405.
Official statutory text
§2–405.3.
(a) This section applies to a corporation that is an investment company, as defined by the Investment Company Act of 1940.
(b) A director of a corporation who with respect to the corporation is not an interested person, as defined by the Investment Company Act of 1940, shall be deemed to be independent and disinterested when making any determination or taking any action as a director.
(a) This section applies to a corporation that is an investment company, as defined by the Investment Company Act of 1940.
(b) A director of a corporation who with respect to the corporation is not an interested person, as defined by the Investment Company Act of 1940, shall be deemed to be independent and disinterested when making any determination or taking any action as a director.
Status: in_force · Read it on the official government site
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