§ 6-305

Maryland § 6-305

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 6

Text

(a) The incorporators shall sign and acknowledge three copies of articles of incorporation.

(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.