§ 5-204. Directors as members

MD Corp & Assn Code § 5-204 (2019) (N/A)
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(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.