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<section article="gfi" article_name="Financial Institutions" number="6-305" title_number="6" title_name="Credit Unions" subtitle_number="3" subtitle_name="Formation, Organization, and Powers">
  <level label="a">
    <text>The incorporators shall sign and acknowledge three copies of articles of incorporation.</text>
  </level>
  <level label="b">
    <text>The articles of incorporation shall include:</text>
    <level label="1">
      <text>The name and residential address of each incorporator;</text>
    </level>
    <level label="2">
      <text>A statement that each incorporator is 18 years of age or older;</text>
    </level>
    <level label="3">
      <text>A statement that the incorporators are associating to form a credit union under this title;</text>
    </level>
    <level label="4">
      <text>The name of the credit union;</text>
    </level>
    <level label="5">
      <text>The field of membership type as described in § 6-301 of this subtitle;</text>
    </level>
    <level label="6">
      <text>The municipal area and county where the credit union is to be located;</text>
    </level>
    <level label="7">
      <text>The par value of the shares of the credit union;</text>
    </level>
    <level label="8">
      <text>The number of shares to which each incorporator subscribes;</text>
    </level>
    <level label="9">
      <text>The name and address in the State of the resident agent of the credit union for purposes of service of process in accordance with the Maryland General Corporation Law; and</text>
    </level>
    <level label="10">
      <text>The number of directors and the names and residential addresses of the individuals who will serve as directors on the board until their successors are elected and qualify.</text>
    </level>
  </level>
</section>
