(a) The incorporators shall sign and acknowledge two copies of articles of incorporation.
Contents 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.
Credits
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1980, c. 679; Acts 1980, c. 807, § 1; Acts 2020, c. 498, § 1, eff. Oct. 1, 2020.
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.
