§ 2-401 Function of directors
§ 2-402 Number of directors
§ 2-403 Qualifications of directors and nominees for director
§ 2-404 Election and tenure of directors
§ 2-405 Directors holding over
§ 2-405.1 Standard of care required of directors
§ 2-405.2 Corporate limitations on director liability
§ 2-405.3 When director of investment company deemed independent and disinterested
§ 2-406 Removal or resignation of director
§ 2-407 Vacancy on board
§ 2-408 Action by directors
§ 2-409 Meetings of directors
§ 2-410 Dissent of director to action of board
§ 2-411 Executive and other committees
§ 2-412 Required and permitted officers
§ 2-413 Election, tenure, and removal of officers
§ 2-414 Powers and duties of officers and agents
§ 2-415 Holding more than one office
§ 2-416 Financial assistance to officers and employees
§ 2-418 Indemnification of directors, officers, employees, and agents
§ 2-419 Interested director transactions

Terms Used In Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 2 > Subtitle 4 - Directors and Officers

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • de novo: means judicial review based on an administrative record and any additional evidence that would be authorized by § 10-222(f) and (g) of the State Government Article. See
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Executive session: A portion of the Senate's daily session in which it considers executive business.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Testify: Answer questions in court.