Md. Code, Corp. & Ass'ns § 5-205

Current with changes from the 2024 Legislative Session
Section 5-205 - When membership reduced by death or resignation
(a) A nonstock corporation is not required to dissolve merely because the death or resignation of a member reduces the actual number of members to less than required by its charter or bylaws.
(b) As long as there is a remaining member, he may fill vacancies and continue the corporate existence.

Md. Code, CA § 5-205