Md. Code, Local Government § 25-305

Md. Code, Local Government § 25-305
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) The board of directors shall elect a chair, a secretary, and any other necessary officer from among its members. (b) The board of directors shall obtain a surety bond for any officer or employee who is entrusted with money.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg&section=25-305&enactments=falseFetched: 10/17/2026

Starting a business in Maryland? Maryland LLC guide: costs and requirements