Md. Code, Financial Institutions § 6-327
This is the official text of Md. Code, Financial Institutions § 6-327, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§6–327.
Official statutory text
(a) If the bylaws provide, a director emeritus may advise and consult with the board and aid the board in carrying out the board’s duties and responsibilities.
(b) The bylaws shall provide for:
(1) The number of directors emeriti; and
(2) The qualifications for a director emeritus.
(c) A director emeritus:
(1) Shall be a member of the credit union; and
(2) May not be an officer or an official.
(d) A director emeritus may not:
(1) Participate in any board or committee deliberations;
(2) Make motions; or
(3) Vote on any matter before the board.
(b) The bylaws shall provide for:
(1) The number of directors emeriti; and
(2) The qualifications for a director emeritus.
(c) A director emeritus:
(1) Shall be a member of the credit union; and
(2) May not be an officer or an official.
(d) A director emeritus may not:
(1) Participate in any board or committee deliberations;
(2) Make motions; or
(3) Vote on any matter before the board.
Status: in_force · Read it on the official government site
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