§ 4-402
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/md/financial-institutions/4-402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–402.
(a)The bylaws of a savings bank shall provide for annual meetings of the members to:
(1)Elect directors;
(2)Elect members, unless the charter of the savings bank provides for a different method of electing members; and
(3)Transact other business.
(b)The bylaws of a subsidiary savings bank shall provide for annual meetings of the stockholders to:
(1)Elect directors; and
(2)Transact other business.