State Codes and Statutes
Statutes > Maryland > Financial-institutions > Title-13 > Subtitle-11 > 13-1105§ 13-1105. Quorum; required vote; meetings; compensation.
(a) Quorum.- Nine voting members of the Authority are a quorum.
(b) Required vote.- An action of the Authority must receive the affirmative vote of at least a majority of the voting members of the Authority.
(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.
[1996, ch. 601, § 1.]
