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Ch. 346
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2094
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LAWS OF MARYLAND
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 6-219(b) of Article - Corporations
and Associations, of the Annotated Code of Maryland (1975
Volume and 1976 Supplement) be and it is hereby repealed
and reenacted, with amendments, to read as follows:
Article — Corporations and Associations
6-219.
(b) THE CHARTER OR BYLAWS MAY RESTRICT VOTING
CONTROL TO MEMBERS ON A ONE VOTE PER PERSON BASIS.
OTHERWISE AT [At] each meeting of the members of a
savings and loan association, each member has the
following voting rights:
(1) Each borrower, obligor, and buyer of
property has, as a borrower, obligor, or buyer of
property, one vote; and
(2) Each shareholder other than a borrower
has, as the charter or bylaws provide:
(i) One vote for each of his fully
paid shares; or
(ii) One vote for each of his free
share accounts.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
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CHAPTER 347
(Senate Bill 769)
AN ACT concerning
Charles County - Alcoholic Beverages
(Board of License Commissioners)
13C-77
FOR the purpose of granting the Charles County
Commissioners the authority to set the salaries of
members of the Board of License Commissioners;
granting the Charles County Commissioners the
authority to provide a clerk, counsel, and supplies
to the Board; and the authority to set salaries for
the clerk and counsel.
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