Md. Code, Financial Institutions § 7-108
This is the official text of Md. Code, Financial Institutions § 7-108, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§7–108.
Official statutory text
(a) In the election of directors and in voting on any other matter at a meeting of the members of the Corporation, each member has one vote, to be cast by its delegate.
(b) A delegate may not vote on behalf of more than one member.
(c) A majority of the votes cast is sufficient to elect directors or decide any questions voted on by the members.
(b) A delegate may not vote on behalf of more than one member.
(c) A majority of the votes cast is sufficient to elect directors or decide any questions voted on by the members.
Status: in_force · Read it on the official government site
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