{"data":{"id":"us-md/md.-code-financial-institutions-3-408","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 3–408","heading":"","body":"(a) A majority of the directors of a State bank then serving is a quorum.\n(b) The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=3-408","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"25514534f6d030370d09757cfca625caaebadd5c3ce5878dff6feffe429c4fb1","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-407","next":"us-md/md.-code-financial-institutions-3-409"},"notice":"GroundRules: Original legal text. Not legal advice."}