Md. Code, Financial Institutions § 3-408
This is the official text of Md. Code, Financial Institutions § 3-408, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§3–408.
Official statutory text
(a) A majority of the directors of a State bank then serving is a quorum.
(b) The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.
(b) The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.
Status: in_force · Read it on the official government site
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