1756

LAWS OF MARYLAND

[Ch. 311

STATE BANK IS TO BE LOCATED; AND

(4) THE AMOUNT OF ITS CAPITAL STOCK.

(C) NAME OF BANK.

THE NAME OF THE STATE BANK MAY NOT BE SIMILAR IN ANY
MATERIAL RESPECT TO THE NAME OF ANY OTHER BANK LOCATED IN
THE SAME MUNICIPAL AREA OR COUNTY.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 11, §29,
and the first clause of the first sentence of
Art. 11, §30.

In subsection (a) of this section, the
requirement that the incorporators acknowledge
the articles "before any officer authorized to
take acknowledgments," is deleted as
unnecessary. For the general provisions
relating to acknowledgments, see Title 1,
Subtitle 3 of this article.

In subsection (c) of this section, the term
"municipal area," which is defined in Title 1
of this article, is substituted for the word
"city" to conform with other provisions of
this subtitle in which the action required of
the State bank relates very specifically to
its location. It also conforms with the
requirement that the articles specify the
"municipal area and county" where the State
bank is to be located. Note that this
requirement is less restrictive than the
comparable requirement for trust companies in
§6-134(c) of this subtitle.

The provision of present §29 which relates to
the division of the capital stock into shares
is included in §6—120(b) of this subtitle.

For an explanation of the use of the term
"State bank," see the revisor's note to
§6-101(i) of this subtitle.

6-114. ARTICLES OF INCORPORATION - FILING FOR
EXAMINATION.

(A) INVESTIGATION AND DETERMINATION.

THE INCORPORATORS SHALL FILE FOR EXAMINATION WITH
THE COMMISSIONER THE THREE COPIES OF THE ARTICLES OF
INCORPORATION. THE COMMISSIONER SHALL INVESTIGATE AND
DETERMINE FROM THE BEST AVAILABLE SOURCES OF INFORMATION