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Maryland Code, Financial Institutions § 4-202

Current as of January 01, 2025 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 4-202 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-4-202/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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