Section 3-408 - Attendance at board meetings. - Maryland Statutes

§ 3-408. Attendance at board meetings.
 

(a)  Attendance required.- Each director of a commercial bank shall attend at least one half of the regularly scheduled board meetings that are held during the director's term of office. 

(b)  Disqualification for additional terms.-  

(1) Any director who fails to attend meetings of the board of directors as required by this section is disqualified automatically from serving as director for a succeeding term. 

(2) The Commissioner may waive the disqualification of a director if the director shows to the Commissioner good cause for the failure to attend the meetings. 
 

[CA § 6-152; 1980, ch. 33, § 2; 1996, ch. 326, § 2.]