Ideal Federal Savings Bank v. Murphy

CHASANOW, Judge.

The issue we must resolve in the instant case is whether the Court of Special Appeals erred in holding invalid, as against Maryland public policy, an election of directors for a federally-chartered savings and loan institution where members were required to vote “for” or “against” each candidate. In the election at issue, there were only ten candidates nominated for the 15 director vacancies and four of those candidates were declared not elected when they received more “against” votes than “for” votes. We must reverse the intermediate appellate court because even if there is a…