State Codes and Statutes
Statutes > Maryland > Corporations-and-associations > Title-5 > Subtitle-5 > 5-515§ 5-515. Vacancies on board of directors.
(a) Filling vacancies.- If a vacancy on the board of directors occurs other than by expiration of term, the remaining members of the board shall fill the vacancy by majority vote.
(b) Replacement to represent district for which vacancy occurred.- If the bylaws provide for an election of directors by districts, a replacement director shall represent the district for which the vacancy has occurred.
[An. Code 1957, art. 23, § 360; 1975, ch. 311, § 2.]
