Section 2-403 - Qualifications of directors and nominees for director(a) Each director and each nominee for director of a corporation shall have the qualifications required by the charter or bylaws of the corporation.(b) Unless required by its charter or bylaws, a director need not be a stockholder in the corporation.Amended by 2014 Md. Laws, Ch. 551,Sec. 1, eff. 10/1/2014.Amended by 2014 Md. Laws, Ch. 550,Sec. 1, eff. 10/1/2014.