Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 9. SAVINGS AND LOAN ASSOCIATIONS |
SUBTITLE 3. ORGANIZATION AND CAPITALIZATION |
PART I. ORGANIZATION |
§ 9-305. Quorum; majority rule
Latest version.
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At any meeting of the members of a savings and loan association:
(1) Except as provided in the charter or bylaws, any number of members present in person or by proxy is a quorum; and
(2) Unless otherwise specifically provided by law, the charter, or the bylaws, a majority of all votes cast at which a quorum is present determines any question.