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Statutes Text

Article - Financial Institutions




§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 each incorporator is 18 years old or older and a citizen of this State and the United States;

        (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.