Volume 799, Page 2514 View pdf image |
Ch. 356 2003 LAWS OF MARYLAND (IV) HAS BEEN PROHIBITED UNDER ANY FEDERAL SECURITIES LAW (8) A member shall meet any other qualifications set forth in the bylaws (9) A member may not be an immediate family member of another board (10) The board shall elect a chairman from among its members. (11) (I) The [membership] COMPOSITION of the board shall represent (II) THE BOARD SHALL INCLUDE REPRESENTATION FROM EACH (f) The board shall notify the Commissioner of any member who attends less (G) (1) EXCLUDING REIMBURSEMENT FOR ORDINARY AND NECESSARY (I) $15,000 FOR THE CHAIRMAN OF THE BOARD OR A BOARD (II) $12,000 FOR A BOARD MEMBER WHO IS NOT THE CHAIRMAN OF (2) A BOARD MEMBER MAY NOT RECEIVE MORE THAN THE AMOUNT (3) (I) THIS PARAGRAPH APPLIES TO A CORPORATION THAT IS: 1. ISSUED A CERTIFICATE OF AUTHORITY AS A NONPROFIT 2. THE SOLE MEMBER OF A CORPORATION ISSUED A (II) ON OR BEFORE MARCH 1, 2004, AND ANNUALLY THEREAFTER A [(g) (1) This subsection does not apply to a board of a nonprofit health service (2) No more than 25% of a board may be: (i) licensed health care professionals; - 2514 -
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Volume 799, Page 2514 View pdf image |
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