§ 7-108

Md. Code, Financial Institutions § 7-108, under Article — Financial Institutions.

Md. Code, Financial Institutions § 7-108

(a) In the election of directors and in voting on any other matter at a meeting of the members of the Corporation, each member has one vote, to be cast by its delegate.

(b) A delegate may not vote on behalf of more than one member.

(c) A majority of the votes cast is sufficient to elect directors or decide any questions voted on by the members.