§ 3–408
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 3-408 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 4. Directors and Officers
§ 3–408LinkCopy Citation
(a)
A majority of the directors of a State bank then serving is a quorum.
(b)
The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.