Attached files
| file | filename |
|---|---|
| 8-K - SHORE BANCSHARES INC | v208717_8k.htm |
EXHIBIT
3.2
SECOND
AMENDMENT TO AMENDED AND RESTATED BY-LAWS
OF
SHORE
BANCSHARES, INC.
The Amended and Restated By-Laws of
Shore Bancshares, Inc., as amended by a First Amendment thereto, are hereby
further amended by deleting Section 3 of ARTICLE II in its entirety and
substituting the following in lieu thereof:
SECTION 3. Election and Term of
Office. The Board of Directors shall be divided into classes
as described in the Charter. Each Director shall hold office until
the expiration of the term for which the Director is elected, except as
otherwise stated in these By-Laws, and thereafter until his or her successor has
been elected and qualifies. If the number of Directors is changed,
any increase or decrease shall be apportioned among the classes so as to
maintain the number of Directors in each class as nearly equal as possible, and
any additional Director of any class shall, subject to Article II, Section 5 of
these By-Laws and to any requirements or restrictions imposed by the Maryland
General Corporation Law, hold office for a term that shall coincide with the
remaining term of that class, but in no case shall a decrease in the number of
Directors shorten the term of any incumbent Director. Election of
Directors need not be by written ballot, unless required by these
By-Laws.