Md. Code, Corporations and Associations § 5-5A-13
This is the official text of Md. Code, Corporations and Associations § 5-5A-13, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§5–5A–13.
Official statutory text
(a) Until the first annual meeting of members and until successors are elected and qualified, the board of directors shall consist of:
(1) Individuals named as directors in the articles; or
(2) If no directors are named, the incorporators.
(b) (1) The directors shall be elected by the members or by delegates of the members.
(2) Unless the bylaws provide otherwise, the directors shall be elected at the first annual membership meeting and at each subsequent annual membership meeting, and shall hold office until the next annual membership meeting and until their successors are elected and qualified.
(3) The bylaws may provide for staggered terms of directors and delegates.
(1) Individuals named as directors in the articles; or
(2) If no directors are named, the incorporators.
(b) (1) The directors shall be elected by the members or by delegates of the members.
(2) Unless the bylaws provide otherwise, the directors shall be elected at the first annual membership meeting and at each subsequent annual membership meeting, and shall hold office until the next annual membership meeting and until their successors are elected and qualified.
(3) The bylaws may provide for staggered terms of directors and delegates.
Status: in_force · Read it on the official government site
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