1158                                    LAWS OF MARYLAND                                 Ch. 122

AN ACT concerning

Corporations and Associations - Election of Directors

FOR the purpose of providing for election of directors of a
corporation by plurality vote under certain
circumstances.

BY adding to

Article - Corporations and Associations

Section 2-404(d)

Annotated Code of Maryland

(1975 Volume and 1980 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Corporations and Associations

2-404.

(D) UNLESS THE CHARTER OR BYLAWS OF A CORPORATION
PROVIDE OTHERWISE, A PLURALITY OF ALL THE VOTES CAST AT A
MEETING AT WHICH A QUORUM IS PRESENT IS SUFFICIENT TO ELECT
A DIRECTOR.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved April 28, 1981.

CHAPTER 123

(Senate Bill 677)

AN ACT concerning

Port of Cambridge - Leasing

FOR the purpose of removing a prohibition against
substantially leasing the Port of Cambridge to one
entity.

BY repealing and reenacting, with amendments,

Article - Transportation

Section 6-205

Annotated Code of Maryland

(1977 Volume and 1980 Supplement)