Section 3-202 - Trustees - Composition; selection; terms; vacancies; compensation; ex officio trustees. - Maryland Statutes

§ 3-202. Trustees - Composition; selection; terms; vacancies; compensation; ex officio trustees.
 

(a)  Composition; selection; terms; vacancies.- A board of 15 trustees has and shall exercise the powers and duties of the Trust. The Governor, the President of the Senate, and the Speaker of the House of Delegates are ex officio members of the board of trustees. Of the remaining 12 trustees, three shall be elected each year for a term of four years at any regular or special meeting by unanimous vote of the trustees present. If an elected trustee for any reason fails to serve or complete any elected term, a successor shall be elected for the remainder of the term at any regular or special meeting by unanimous vote of the trustees present. Elected trustees shall be selected to obtain a broad distribution from the professions and other occupations, and a broad geographical distribution throughout the State, insofar as is practicable and consistent with the purposes of the Trust. 

(b)  Compensation.- A trustee serves without compensation. 

(c)  Delegation of powers and duties by ex officio members.-  

(1) An ex officio member of the board of trustees may delegate any of the powers or duties of the member to an authorized representative. 

(2) (i) The representative of the Governor shall be a member of the Executive Department of this State. 

(ii) The representative of the President of the Senate shall be a member of the Senate. 

(iii) The representative of the Speaker of the House shall be a member of the House of Delegates. 
 

[An. Code 1957, art. 41, §§ 181N, 181-O; 1973, 1st Sp. Sess., ch. 4, § 1; 1987, ch. 28.]