Md. Code, Corporations and Associations § 5-205

Md. Code, Corporations and Associations § 5-205
in effect
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(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca&section=5-205&enactments=falseFetched: 10/16/2026

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