STATE STATUTES & CODES
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MARYLAND STATUTES AND CODES
Section 7-607 - Board of Directors - Quorum; meetings; compensation; staff.
§ 7-607. Board of Directors - Quorum; meetings; compensation; staff.
(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.
[An. Code 1957, art. 41, §§ 14-904(g), 14-905(b), (d)-(f); 2007, ch. 3, § 2.]