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§ 3-205. Corporate status gained upon filing articles for record

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 3. Banking Institutions--Commercial Banks
Subtitle 2. Formation and Powers (Refs & Annos)
MD Code, Financial Institutions, § 3-205
§ 3-205. Corporate status gained upon filing articles for record
Currentness
In general
(a) When articles of incorporation are filed for record in accordance with § 3-204 of this subtitle, the commercial bank becomes a corporation.
Right to perpetual existence
(b) Notwithstanding any charter provision or provision of law, each commercial bank has the right to perpetual existence until forfeiture.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
MD Code, Financial Institutions, § 3-205, MD FIN INST § 3-205
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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