Current with changes from the 2024 Legislative Session
Section 2-410 - Dissent of director to action of board(a) A director of a corporation who is present at a meeting of its board of directors at which action on any corporate matter is taken is presumed to have assented to the action unless: (1) The director announces the director's dissent at the meeting; and(2)(i) The dissent is entered in the minutes of the meeting;(ii) The director files the dissent to the action in writing with or by electronic transmission to the secretary of the meeting before the meeting is adjourned; or(iii) The director forwards the dissent within 24 hours after the meeting is adjourned to the secretary of the meeting or the secretary of the corporation by:1. Certified mail, return receipt requested, bearing a postmark from the United States Postal Service; or2. Electronic transmission.(b) The right to dissent does not apply to a director who:(1) Voted in favor of the action; or(2) Failed to make the director's dissent known at the meeting.Amended by 2022 Md. Laws, Ch. 293, Sec. 1, eff. 10/1/2022.Amended by 2022 Md. Laws, Ch. 292, Sec. 1, eff. 10/1/2022.