# Financial Institutions (GFI)

## Title 4. Banking Institutions -- Savings Banks

### Subtitle 2. Formation and Powers

#### Section 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:

    (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.

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