Section 12-404 - Board of directors. - Maryland Statutes

§ 12-404. Board of directors.
 

(a)  In general.- A board of directors shall govern the district corporation. 

(b)  Membership.-  

(1) Subject to paragraph (2) of this subsection, the board of a district corporation consists of five members appointed by the members of the district. 

(2) Appointment procedures shall be provided in the local law establishing the district. 

(c)  Chair.- From among its members, the board shall elect a chair and other officers. 

(d)  Quorum.-  

(1) Three voting members of the board are a quorum. 

(2) The board may act on a resolution only by the affirmative vote of at least three voting members. 

(e)  Compensation; reimbursement for expenses.- A member of the board: 

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

(2) shall be reimbursed for expenses incurred in performing the member's duties. 

(f)  Exercise power by resolution.- The board shall exercise its powers by resolution. 

(g)  Annual report.- The board shall file an annual report with the governing body of the county or municipal corporation that includes: 

(1) a financial statement for the preceding year; 

(2) a proposed operating budget for the current fiscal year; 

(3) any proposed revisions to the business plan; and 

(4) a narrative statement or chart showing the results of operations in comparison to stated goals and objectives. 
 

[2010, ch. 461.]