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Code · Maryland · Financial Institutions

§ 4-202

165 words·~1 min read·/md/financial-institutions/4-202

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§4–202.
(a)The incorporators shall sign and acknowledge two copies of articles of incorporation.
(b)The articles of incorporation shall include:
(1)The name and address of each incorporator;
(2)A statement that:
(i)Each incorporator is at least 18 years old;
(ii)Each incorporator is a citizen of the United States; and
(iii)At least one of the incorporators is a citizen of this State;
(3)A statement that the incorporators are associating to form a savings bank under this subtitle;
(4)The name of the savings bank, which may not be similar in any material respect to the name of any other bank, savings bank, or trust company in this State;
(5)The municipal area and county where the principal banking office of the savings bank is to be located;
(6)The name and residence address of each member; and
(7)The number of directors and the names and residence addresses of those who will serve until their successors are elected and qualify.
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