§ 7-607. Board of Directors -- Quorum; meetings; compensation; staff

Latest version.

   (a) Quorum. -- Six members of the Board are a quorum.

(b) Meetings. -- The Board shall meet at least quarterly or more often as necessary to carry out its duties efficiently.

(c) Compensation and reimbursement for expenses. -- A member:

   (1) may not receive compensation as a member of the Board; but

   (2) is entitled to reimbursement for expenses under the Standard State Travel Regulations as provided in the State budget.

(d) Financial benefit prohibited. -- Except as provided in subsection (c) of this section, a member may not financially benefit directly or indirectly from the activities of the Fund.

(e) Staff. -- The Department shall provide staff to the Board.

HISTORY: An. Code 1957, art. 41, § 14-904(g), 14-905(b), (d)-(f); 2007, ch. 3, § 2.

                    
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