Maryland Statutes
Subtitle 1 - Administration
Section 21-106 - Board of Trustees -- Quorum; Meetings; Expenses

(a)    Each trustee is entitled to one vote on the Board of Trustees.
    (b)    A majority of the trustees then serving on the Board of Trustees is a quorum for:
        (1)    the transaction of any business;
        (2)    the exercise of any power; or
        (3)    the performance of any duty authorized or imposed by law.
    (c)    The Board of Trustees shall set the times and places of its meetings.
    (d)    A trustee:
        (1)    may not receive compensation from the several systems for service as a trustee; but
        (2)    is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.

Structure Maryland Statutes

Maryland Statutes

State Personnel and Pensions

Division II - Pensions

Title 21 - State Retirement and Pension System

Subtitle 1 - Administration

Section 21-101 - System Established; Purpose; Status

Section 21-102 - Composition of System

Section 21-103 - Board of Trustees -- Established

Section 21-104 - Board of Trustees -- Membership

Section 21-105 - Board of Trustees -- Officers

Section 21-106 - Board of Trustees -- Quorum; Meetings; Expenses

Section 21-107 - Board of Trustees -- Legal Adviser

Section 21-108 - Board of Trustees -- Miscellaneous Powers and Duties

Section 21-109 - Board of Trustees -- Budget

Section 21-110 - Board of Trustees -- Regulations

Section 21-111 - Board of Trustees -- Administration and Enforcement; Hearings

Section 21-112 - Board of Trustees -- Annual Report and Statement

Section 21-113 - Board of Trustees -- Correction of Errors in Benefits; Recovery of Improper Payments

Section 21-114 - Investment Committee -- Established

Section 21-115 - Investment Committee -- Membership

Section 21-116 - Investment Committee -- Powers

Section 21-117 - State Retirement Agency -- Established

Section 21-118 - State Retirement Agency -- Executive Director

Section 21-118.1 - Chief Investment Officer

Section 21-119 - State Retirement Agency -- Powers and Duties

Section 21-120 - State Retirement Agency -- Annual Report

Section 21-121 - State Retirement Agency -- Audit of Benefit Payments; Correction of Records; Payment of Amounts Owed

Section 21-122 - Investment Division

Section 21-123 - Management of Funds

Section 21-123.1 - Divestiture From Iran and Sudan

Section 21-123.2 - Private Equity and Venture Capital Investments

Section 21-124 - State Treasurer

Section 21-125 - Actuary

Section 21-126 - Medical Boards; Other Physicians

Section 21-128 - Retiree Information for Direct Mailings