Statutes > Maryland Statutes > CORPORATIONS AND ASSOCIATIONS > TITLE 4 - CLOSE CORPORATIONS > Subtitle 3 - Board of Directors > Section 4-301 - At least one director required initially.

Section 4-301 - At least one director required initially.

§ 4-301. At least one director required initially.
  

A close corporation shall have at least one director until an election by the corporation in its charter to have no board of directors becomes effective. 
 

[An. Code 1957, art. 23, § 105; 1975, ch. 311, § 2.]