1856

LAWS OF MARYLAND

[Ch. 311

the second paragraph of Art. 48A, §302.

The words "unless otherwise indicated" are
deleted as unnecessary.

The only other changes are in style.

6-402. FORMATION IN GENERAL.

SEVEN OR MORE INDIVIDUALS, EACH OF WHOM IS A CITIZEN
OF THE UNITED STATES AND A MAJORITY OF WHOM ARE CITIZENS
OF THE STATE, MAY ACT AS INCORPORATORS TO FORM A
FRATERNAL BENEFIT SOCIETY UNDER THE PROVISIONS OF THIS
SUBTITLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first two
clauses of the first sentence of Art. 48A,
§310.

The provisions of present §310 which relate to
execution and contents of articles of
incorporation are included in §6—403.

6-403. ARTICLES OF INCORPORATION - EXECUTION AND
CONTENTS.

(A)       EXECUTION.

THE INCORPORATORS SHALL SIGN AND ACKNOWLEDGE
ARTICLES OF INCORPORATION.

(B)      CONTENTS.

THE ARTICLES OF INCORPORATION SHALL SPECIFY:

(1)   THE PURPOSE FOR WHICH THE SOCIETY IS
BEING FORMED AND THE MANNER IN WHICH ITS CORPORATE POWERS
ARE TO BE EXERCISED;

(2)   THE NAME OF THE SOCIETY;

(3)   THE NAME, ADDRESS, AND STATE OF RESIDENCE
OF EACH INCORPORATOR; AND

(4)     THE NAME, ADDRESS, RESIDENCE, AND
OFFICIAL TITLE OF EACH OFFICER, TRUSTEE, DIRECTOR, AND
ANY OTHER INDIVIDUAL WHO WILL HAVE AND EXERCISE THE
GENERAL CONTROL OF THE MANAGEMENT OF THE AFFAIRS AND
FUNDS OF THE SOCIETY FOR THE FIRST YEAR AND UNTIL THE
ENSUING ELECTION.

(C)

LIMITATION ON PURPOSE OF SOCIETY.