HARRY HUGHES, Governor

171

term "commercial bank" — as defined in § 1-101
of this article — is used to refer jointly to
State banks and trust companies.

3-102. APPLICABILITY OF ARTICLE TO CERTAIN TRUST COMPANIES.

EVERY TRUST COMPANY HAS THE POWERS GRANTED BY AND IS
SUBJECT TO THE PROVISIONS OF THIS ARTICLE THAT RELATE TO
TRUST COMPANIES. HOWEVER, EXCEPT AS PROVIDED IN § 3-210(B)
OF THIS TITLE AS TO THE ESTABLISHMENT OF BRANCHES, THE
PROVISIONS OF THIS ARTICLE DO NOT REPEAL, MODIFY, OR AFFECT
ANY SPECIAL RIGHT, PRIVILEGE, OR POWER GIVEN BY CHARTER TO A
TRUST COMPANY THAT WAS ORGANIZED AND DOING BUSINESS BEFORE
APRIL 8, 1910.

REVISOR'S NOTE: This section is new language derived
without substantive change from the identical
provisions of CA § 6-132 and Art. 11, § 61.

SUBTITLE 2. FORMATION AND POWERS.

3-201. FORMATION IN GENERAL.

FIVE OR MORE ADULT INDIVIDUALS, EACH OF WHOM IS A

CITIZEN OF THIS STATE AND THE UNITED STATES, MAY ACT AS

INCORPORATORS TO FORM A STATE BANK OR A TRUST COMPANY UNDER
THIS SUBTITLE.

REVISOR'S NOTE: This section is new language that
combines without substantive change the identical
provisions of CA §§ 6-112 and 6-133.

Elsewhere in this title, the term "commercial
bank" — which is defined in § 1-101 of this
article as referring to either a State bank or a
trust company — often is substituted, as
appropriate, for references to these two
entities.

As to the applicability of the Maryland General
Corporation Law to a State bank or trust company
and its corporate acts, see § 1—201 of this
article.

As to who is an adult, see Art. 1, § 24 of the
Code.

3-202. ARTICLES OF INCORPORATION — EXECUTION AND CONTENTS.

(A)   EXECUTION.

THE INCORPORATORS SHALL SIGN AND ACKNOWLEDGE TWO THREE
COPIES OF ARTICLES OF INCORPORATION.

(B)   REQUIRED CONTENTS.

THE ARTICLES OF INCORPORATION SHALL INCLUDE: