§ 3–205
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 3-205 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 2. Formation and Powers
§ 3–205LinkCopy Citation
(a)
When articles of incorporation are filed for record in accordance with § 3-204 of this subtitle, the commercial bank becomes a corporation.
(b)
Notwithstanding any charter provision or provision of law, each commercial bank has the right to perpetual existence until forfeiture.