ROBERT L. EHRLICH, JR., Governor

Ch. 21

(2)     Except in emergencies, a director may not be employed by the
cooperative in any capacity involving compensation without the approval of the
members.

(3)     The bylaws may authorize a fixed fee and expenses to be paid to each
director for attending a meeting of the board of directors.

[(f)] (G) The board of directors may exercise all of the powers of a cooperative
not conferred on the members by this subtitle or the cooperative's articles of
incorporation or bylaws.

DRAFTER'S NOTE:

Error: Incorrect subsection designations in § 5-622 of the Corporations
and Associations Article.

Occurred: Ch. 135, Acts of 2002. Correction by the publisher of the
Annotated Code in the 2002 Supplement of the Corporations and
Associations Article is ratified by this Act.

5-632.

(d) (1) (i) On the Department's acceptance for record of the certificate of
election to dissolve [and] AN affidavit, the cooperative shall cease doing business
except to the extent necessary to wind up its business and affairs.

DRAFTER'S NOTE:

Error: Incorrect word in § 5-632(d)(l)(i) of the Corporations and
Associations Article.

Occurred: Ch. 135, Acts of 2002.

5-6B-18.2.

(b) Except as provided in subsection (c) of this section, a recorded covenant or
restriction, a provision in a declaration, or a provision in the bylaws or rules of A
cooperative housing corporation may not prohibit or restrict the display of:

(1)     A candidate sign; or

(2)     A sign that advertises the support or defeat of any question
submitted to the voters in accordance with the Election Law Article.

DRAFTER'S NOTE:

Error: Omitted word in § 5-6B-18.2(b) of the Corporations and
Associations Article.

Occurred: Ch...303, Acts of 2002. Correction by the publisher of the
Annotated Code in the 2002 Supplement of the Corporations and
Associations Article is ratified by this Act.

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