Maryland law requires all corporations to keep correct and complete minutes of directors meetings, stockholders meetings and certain committee meetings. Download Maryland Corporate Minutes template, modify and send for signing using BoloForms Signature.The duties of the board of directors of a nonprofit organization can be encapsulated in the three Ds: duty of care, duty of loyalty, and duty of obedience. Maryland law generally states that all association meetings should be open to its members. A Maryland limited liability company. 6. Typically, the board of directors might introduce a proposal and vote on it. Whatever the board's decision, it's recorded in the board meeting minutes. Md. Code Regs. 10.31.