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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 4-202

  • County: means a county of the State or Baltimore City. See
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
(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.