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§ 4-904. Conversion of subsidiary savings bank to corporation

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2011

West's Annotated Code of Maryland
Financial Institutions
Title 4. Banking Institutions--Savings Banks
Subtitle 9. Subsidiary Savings Banks (Refs & Annos)
Effective: October 1, 2011
MD Code, Financial Institutions, § 4-904
§ 4-904. Conversion of subsidiary savings bank to corporation
Currentness
In general
(a) When the articles of incorporation are filed for recording in accordance with § 4-903 of this subtitle, the subsidiary savings bank becomes a corporation.
Perpetual existence of subsidiary savings bank
(b) Notwithstanding any charter provision or provision of law, a subsidiary savings bank has the right to perpetual existence until forfeiture.

Credits

Added by Acts 1986, c. 355, § 1, eff. July 1, 1986.
MD Code, Financial Institutions, § 4-904, MD FIN INST § 4-904
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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