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Maryland · Through 2026-01-01

Md. Code, Corporations and Associations § 5–204

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Where this section sits in the code
  1. Article - Corporations and Associations

(a) For purposes of any law or rule relating to members of a nonstock corporation, the directors of a nonstock corporation, under either of the circumstances described in subsection (b) of this section:

(1) Also constitute the members of the corporation; and

(2) When meeting as directors, may exercise the rights and powers of members.

(b) This section applies if:

(1) Neither the charter nor the bylaws of the corporation provide for members; or

(2) The nonstock corporation in fact has no members.

Collected 2026-09-14T19:56:43Z. Source file · JSON

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