Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 6-326 - Directors -- Vacancy or Removal; Filling Vacancy — Maryland Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maryland/
  4. Financial Institutions - Title 1 - Definitions; General Provisions/
  5. Title 6 - Credit Unions/
  6. Subtitle 3 - Formation, Organization, and Powers/
  7. Part IV - Officials and Officers/
  8. Section 6-326 - Directors -- Vacancy or Removal; Filling Vacancy
Maryland Legal Code

Section 6-326 - Directors -- Vacancy or Removal; Filling Vacancy

Ask AI about this
(a) The office of a director becomes vacant if the director: (1) Dies; (2) Resigns; or (3) Is removed. (b) A director may be removed from office: (1) By the board, in accordance with the bylaws, if the director: (i) Does not possess or maintain the qualifications required to serve on the board; or (ii) Is absent from three consecutive regular meetings of the board unless excused; or (2) By the members. (c) (1) Unless the bylaws provide otherwise, the remaining directors by majority vote shall fill a vacancy. (2) A director elected by the board to fill a vacancy holds office as the bylaws provide.