An association for carrying on the business of banking under this title may be formed
by any number of natural persons, not less than three, at least two-thirds of whom
must be residents of this state. They shall enter into articles of association which must specify in general terms
the object for which the association is formed and which may contain any other provisions,
not inconsistent with law, which the association may see fit to adopt for the regulation
of its business and the conduct of its affairs. These articles must be signed and acknowledged by the persons uniting to form the
association and must be filed in the office of the secretary of state.
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