(a) The board of directors shall elect a chair, a secretary, and any other necessary officer from among its members.
(b) The board of directors shall obtain a surety bond for any officer or employee who is entrusted with money.
Md. Code Ann., Loc. Gov't § 25-305
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.