§ 4–202
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 4-202 (2026)
Title 4. Banking Institutions -- Savings Banks
Subtitle 2. Formation and Powers
§ 4–202LinkCopy Citation
(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:
(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.