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Code · Maryland · Financial Institutions

§ 9-202

54 words·~1 min read·/md/financial-institutions/9-202

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§9–202.
(a)Subject to the provisions of this subtitle, five or more adult individuals, each of whom is a resident of this State and a citizen of the United States, may act as incorporators to form a savings and loan association under this title.
(b)The incorporators shall elect a chairman from among themselves.
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