Maryland § 12-404
Full text of Maryland Maryland Code § 12-404, with citation guidance and answers to common questions.
§ 12-404.
(a) Except as provided in the governing instrument of a statutory trust:
(1) Meetings of trustees may be held at any place or by conference telephone or in any other manner by which all persons participating in the meeting as trustees may hear each other; and
(2) Participation in a meeting in accordance with item (1) of this subsection shall constitute presence in person at the meeting.
(b) Except as provided in the governing instrument of a statutory trust, on any matter that is to be voted on by the trustees:
(1) The trustees may take action on the matter without a meeting, without prior notice, and without a vote if a consent or consents in writing, setting forth the action taken, is signed by the trustees having not less than the minimum number of votes that would be necessary to authorize or take the action at a meeting at which all trustees entitled to vote on the matter were present and voted; and
(2) A trustee may vote:
(i) In person; or
(ii) By proxy granted in writing, by means of telephonic or electronic transmission, or as otherwise permitted by applicable law.
(c) Except as provided in the governing instrument of a statutory trust, a consent transmitted by electronic transmission by a trustee or by a person authorized to act for a trustee shall be deemed to be written and signed for purposes of this section.
(d) Except as provided in the governing instrument of a statutory trust, any act requiring the approval of the trustees shall be approved by the affirmative vote of a majority of the trustees.
Frequently Asked Questions About Maryland § 12-404
What does Maryland Code § 12-404 cover?
Section 12-404 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 12-404?
A common citation format is "Maryland Code § 12-404" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-404 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.