Maryland Financial Institutions Section 4-202

Article - Financial Institutions

§ 4-202.

      (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 each incorporator is 18 years old or older and a citizen of this State and the United States;

            (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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