State Codes and Statutes
Statutes > Maryland > Financial-institutions > Title-13 > Subtitle-10 > 13-1006§ 13-1006. Quorum; required vote; meetings; compensation.
(a) Quorum.- Five members of the Authority are a quorum.
(b) Required vote.- Actions of the Authority must receive the affirmative vote of at least four members.
(c) Meetings.- The Authority shall determine the times and places of its meetings.
(d) Compensation; reimbursement.- A member of the Authority:
(1) May not receive compensation; but
(2) Is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
[1993, ch. 544.]
