§ 2-403
43 words·~1 min read·
/md/corporations-and-associations/2-403·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§2–403.
(a)Each director and each nominee for director of a corporation shall have the qualifications required by the charter or bylaws of the corporation.
(b)Unless required by its charter or bylaws, a director need not be a stockholder in the corporation.