Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049
Section 3-804 - Directors - Removal, number, and vacancy(a) Notwithstanding any other lesser proportion of votes required by a provision in the charter or the bylaws, but subject to § 2-406(b)(3) or § 8-205(b)(3) of this article the stockholders of a corporation may remove any director by the affirmative vote of at least two-thirds of all the votes entitled to be cast by the stockholders generally in the election of directors.(b) Subject to § 2-402(a) of this article but notwithstanding any provision in the charter or bylaws, the number of directors of a corporation shall be fixed only by vote of the board of directors.(c)(1) Notwithstanding any provision in the charter or bylaws, this subsection applies to a vacancy that results from: (i) An increase in the size of the board of directors; or(ii) The death, resignation, or removal of a director.(2) Each vacancy on the board of directors of a corporation may be filled only by the affirmative vote of a majority of the remaining directors in office, even if the remaining directors do not constitute a quorum.(3) Any director elected to fill a vacancy shall hold office: (i) For the remainder of the full term of the class of directors in which the vacancy occurred; and(ii) Until a successor is elected and qualifies.Amended by 2019 Md. Laws, Ch. 289,Sec. 2, eff. 10/1/2019.