§ 230 — Incorporation; organization certificate

§ 230. Incorporation; organization certificate. When authorized by the\nsuperintendent as provided in article two of this chapter, not less than\nnine nor more than twenty persons may incorporate a savings bank. They\nshall subscribe and acknowledge an organization certificate in\nduplicate, which shall specifically state:\n 1. The name by which the corporation is to be known.\n 2. The place where its principal office is to be located.\n 3. Its duration if other than perpetual.\n 4. The name, occupation, citizenship, residence and post-office\naddress of each incorporator.\n 5. The amount which each incorporator will contribute in cash to the\nsurplus fund.\n 6. The names of the incorporators who are to constitute its first\nboard of trustees. Such persons as individuals and as a group must be\nfree of the disqualifications specified in section two hundred forty-six\nof this article.\n