§ 6–327
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 6-327 (2026)
Title 6. Credit Unions
Subtitle 3. Formation, Organization, and Powers
§ 6–327LinkCopy Citation
(a)
If the bylaws provide, a director emeritus may advise and consult with the board and aid the board in carrying out the board’s duties and responsibilities.
(b)
The bylaws shall provide for:
(1)
The number of directors emeriti; and
(2)
The qualifications for a director emeritus.
(c)
A director emeritus:
(1)
Shall be a member of the credit union; and
(2)
May not be an officer or an official.
(d)
A director emeritus may not:
(1)
Participate in any board or committee deliberations;
(2)
Make motions; or
(3)
Vote on any matter before the board.