Md. Code, Corporations and Associations § 2-413
This is the official text of Md. Code, Corporations and Associations § 2-413, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§2–413.
Official statutory text
(a) Unless the bylaws provide otherwise, the board of directors shall elect the officers.
(b) Unless the bylaws provide otherwise, an officer serves for one year and until his successor is elected and qualifies.
(c) (1) The board of directors may remove any officer or agent of the corporation.
(2) The removal of an officer or agent does not prejudice any of his contract rights.
(d) Unless the bylaws provide otherwise, the board of directors may fill a vacancy which occurs in any office.
(b) Unless the bylaws provide otherwise, an officer serves for one year and until his successor is elected and qualifies.
(c) (1) The board of directors may remove any officer or agent of the corporation.
(2) The removal of an officer or agent does not prejudice any of his contract rights.
(d) Unless the bylaws provide otherwise, the board of directors may fill a vacancy which occurs in any office.
Status: in_force · Read it on the official government site
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