MARVIN MANDEL, Governor

1757

IF:

(1)    THE ARTICLES ARE FRAMED IN ACCORDANCE
WITH LAW;

(2)    THE CHARACTER, RESPONSIBILITY, AND
GENERAL FITNESS OF THE INCORPORATORS COMMAND CONFIDENCE
AND WARRANT BELIEF THAT THE BUSINESS OF THE PROPOSED
STATE BANK WILL BE CONDUCTED HONESTLY AND EFFICIENTLY, IN
ACCORDANCE WITH THE INTENT OF THIS SUBTITLE; AND

(3)    ALLOWING THE PROPOSED STATE BANK TO
ENGAGE IN BUSINESS:

(I)    SILL PROMOTE PUBLIC CONVENIENCE AND
ADVANTAGE; AND

(II)   IS EXPEDIENT AND DESIRABLE.

(B)   CHANGES IN ARTICLES.

AFTER HIS INVESTIGATION, THE COMMISSIONER MAY
REQUIRE ANY CHANGE IN THE ARTICLES OF INCORPORATION HE
CONSIDERS NECESSARY.

(C)   ENDORSEMENT AND RETURN OF ARTICLES.

(1)    WITHIN SIX MONTHS AFTER THE ARTICLES ARE
FILED FOR EXAMINATION, THE COMMISSIONER SHALL ENDORSE AND
DATE EACH COPY OF THE ARTICLES "APPROVED" OR "REFUSED"
OVER HIS OFFICIAL SIGNATURE.

(2)    IF HE REFUSES FORMATION OF THE STATE
BANK, HE SHALL RETURN ONE ENDORSED COPY OF THE ARTICLES
TO THE INCORPORATORS.

(3)    IF HE APPROVES FORMATION OF THE STATE
BANK, HE SHALL:

(I)    RETURN TWO ENDORSED COPIES OF THE
ARTICLES TO THE INCORPORATORS; AND

(II)   RETAIN AND RECORD ONE ENDORSED COPY.

(D)   FILING FEES.

THE COMMISSIONER SHALL COLLECT THE FOLLOWING FEES
FOR DOCUMENTS FILED FOR EXAMINATION WITH HIM:

(1) ARTICLES OF INCORPORATION - $1,500;

(2) AMENDMENT TO ARTICLES OF INCORPORATION -
$20; AND