Maryland Code, FINANCIAL INSTITUTIONS 6-305
Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 6-305
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- Service of process: The service of writs or summonses to the appropriate party.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) The articles of incorporation shall include:
(1) The name and residential address of each incorporator;
(2) A statement that each incorporator is 18 years of age or older;
(3) A statement that the incorporators are associating to form a credit union under this title;
(4) The name of the credit union;
(5) The field of membership type as described in § 6-301 of this subtitle;
(6) The municipal area and county where the credit union is to be located;
(7) The par value of the shares of the credit union;
(8) The number of shares to which each incorporator subscribes;
(9) 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
(10) 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.