(a) Each corporation shall have at least one director.
(b) Subject to the provisions of subsection (a) of this section and except for a corporation that has elected to be subject to § 3-804(b) of this article, a Maryland corporation shall have the number of directors provided in its charter until changed by the bylaws.
(c) Subject to the provisions of subsection (a) of this section and except for a corporation that has elected to be subject to § 3-804(b) of this article, the bylaws may:
(1) Alter the number of directors set by the charter; and
(2) Authorize a majority of the entire board of directors to alter within specified limits the number of directors set by the charter or the bylaws, but the action may not affect the tenure of office of any director.
Structure Maryland Statutes
Title 2 - Corporations in General -- Formation, Organization, and Operation
Subtitle 4 - Directors and Officers
Section 2-401 - Function of Directors
Section 2-402 - Number of Directors
Section 2-403 - Qualifications of Directors and Nominees for Director
Section 2-404 - Election and Tenure of Directors
Section 2-405 - Directors Holding Over
Section 2-405.1 - Standard of Care Required of Directors
Section 2-405.2 - Corporate Limitations on Director Liability
Section 2-405.3 - When Director of Investment Company Deemed Independent and Disinterested
Section 2-406 - Removal or Resignation of Director
Section 2-407 - Vacancy on Board
Section 2-408 - Action by Directors
Section 2-409 - Meetings of Directors
Section 2-410 - Dissent of Director to Action of Board
Section 2-411 - Executive and Other Committees
Section 2-412 - Required and Permitted Officers
Section 2-413 - Election, Tenure, and Removal of Officers
Section 2-414 - Powers and Duties of Officers and Agents
Section 2-415 - Holding More Than One Office
Section 2-416 - Financial Assistance to Officers and Employees
Section 2-418 - Indemnification of Directors, Officers, Employees, and Agents