Md. Code, Fin. Inst. § 9-305

Current with changes from the 2024 Legislative Session

Section 9-305 - Quorum; majority rule

At any meeting of the members of a savings and loan association:

(1) Except as provided in the charter or bylaws, any number of members present in person or by proxy is a quorum; and

(2) Unless otherwise specifically provided by law, the charter, or the bylaws, a majority of all votes cast at which a quorum is present determines any question.

Md. Code, FI § 9-305