§ 3-407. Additional directorships

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(a) How created. -- Subject to the limitation in § 3-402 of this subtitle, at any meeting of the stockholders of a commercial bank, the stockholders may create up to two additional directorships.

(b) When board may fill additional directorships. -- The stockholders may leave the two additional directorships vacant, to be filled in the discretion of the board of directors.

HISTORY: CA § 6-153; 1980, ch. 33, § 2.

                    
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