<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".08" citation="COMAR 31.04.17.08" title_num="31" subtitle_num="04" chapter_num="17" heading="Proxy.">
  <text>A statement may not appear in the application with respect to a proxy through which one or more members of the board of directors is authorized to vote in the election of directors.</text>
</regulation>