§ 5–205
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-205 (2026)
Title 5. Special Types of Corporations
Subtitle 2. Nonstock Corporations
§ 5–205LinkCopy Citation
(a)
A nonstock corporation is not required to dissolve merely because the death or resignation of a member reduces the actual number of members to less than required by its charter or bylaws.
(b)
As long as there is a remaining member, he may fill vacancies and continue the corporate existence.