§ 5-205

Md. Code, Corporations and Associations § 5-205, under Article — Corporations and Associations.

Md. Code, Corporations and Associations § 5-205

(a) A nonstock corporation is not required to dissolve merely because the death or resignation of a member reduces the actual number of members to less than required by its charter or bylaws.

(b) As long as there is a remaining member, he may fill vacancies and continue the corporate existence.