§ 7-108
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/md/financial-institutions/7-108A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–108.
(a)In the election of directors and in voting on any other matter at a meeting of the members of the Corporation, each member has one vote, to be cast by its delegate.
(b)A delegate may not vote on behalf of more than one member.
(c)A majority of the votes cast is sufficient to elect directors or decide any questions voted on by the members.