# Financial Institutions (GFI)

## Title 3. Banking Institutions -- Commercial Banks

### Subtitle 2. Formation and Powers

#### Section 3-205

(a) When articles of incorporation are filed for record in accordance with Sec. 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.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)