Maryland Code, HUMAN SERVICES 8-805
Terms Used In Maryland Code, HUMAN SERVICES 8-805
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(2) Of the members of the board of directors:
(i) at least one shall be a resident of the State;
(ii) at least one shall have demonstrated experience in or knowledge of the field of human services; and
(iii) at least one shall have demonstrated knowledge in the fields of accounting, business, or financial management.
(3) (i) An employee, or an immediate family member of an employee, of a corporation or residential child care program may not serve on the corporation’s board of directors.
(ii) A person who is compensated by a corporation for providing goods or services may not serve on the corporation’s board of directors.
(b) A corporation shall have a chief financial officer.