Statutes, codes, and regulations
Code of Maryland
Article - CORPORATIONS AND ASSOCIATIONSTitle 4 - CLOSE CORPORATIONS
Subtitle 3 - BOARD OF DIRECTORS
Section 4-301 - At least one director required initially

Md. Code, Corp. & Ass'ns § 4-301

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Current with changes from the 2024 legislative session through Ch. 734, effective on or before 6/1/2024
Section 4-301 - At least one director required initially

A close corporation shall have at least one director until an election by the corporation in its charter to have no board of directors becomes effective.

Md. Code, CA § 4-301