§ 3-411. Officers

MD Fin Inst Code § 3-411 (2019) (N/A)
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(a)    Within 15 days after the annual meeting of the stockholders and after the directors-elect have qualified, the board of directors of a commercial bank shall meet and elect the officers of the commercial bank.

(b)    Unless the bylaws provide otherwise, each officer serves for a term of 1 year and until a successor is elected and qualifies.

(c)    The board of directors may remove any officer at any time.