- August 10, 2017 | Authors: Christia A. Pritts; Lawrence D. Coppel; Andrew D. Bulgin; Marjorie A. Corwin; Peter B. Rosenwald; D. Robert Enten; David S. Musgrave; Robert A. Gaumont; Christopher R. Rahl; Bryan M. Mull; Chastity E.C. Threadcraft
- Law Firm: Gordon Feinblatt LLC - Baltimore Office
Under current Maryland law, at least 50% of a Maryland commercial bank’s directors must be residents of Maryland. Chapters 265 and 266 reduce this percentage to 30%.Practice Point: This will provide Maryland banks with more flexibility in finding and electing qualified director candidates. This was a Maryland Bankers Association initiative.