HARRY HUGHES, Governor

175

(II) IS EXPEDIENT AND DESIRABLE.

(C)   CHANGES IN ARTICLES.

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

(D)   ENDORSEMENT AND RETURN OF ARTICLES.

(1)   WITHIN 6 MONTHS AFTER THE ARTICLES ARE FILED
FOR EXAMINATION, THE BANK COMMISSIONER SHALL SIGN, DATE, AND
ENDORSE EACH COPY OF THE ARTICLES AS "APPROVED" OR
"REFUSED".

(2)   IF FORMATION OF THE COMMERCIAL BANK IS
REFUSED, THE BANK COMMISSIONER SHALL RETURN ONE OF THE
ENDORSED COPIES OF THE ARTICLES TO THE INCORPORATORS.

(3)   IF FORMATION OF THE COMMERCIAL BANK IS
APPROVED, THE BANK COMMISSIONER SHALL:

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

(II)  KEEP AND RECORD ONE OF THE ENDORSED
COPIES.

REVISOR'S NOTE:      This section is new language that

combines       the identical provisions of CA §§

6-114(a) through (d) (1) and 6-135(a) through
(d) (D.

Subsection (a)(1) of this section is revised to
require that two copies of the articles, rather
than three copies, be filed for examination.
Similarly, subsection (d)(3)(i) of this section,
as revised, requires the return of only one copy
of approved articles. These changes conform to
the change in § 3-204 of this subtitle, as to
filing approved articles for record.

In the introductory clause of subsection (b) of
this section, the present phrase "from the best
available sources of information" is deleted as
unnecessary.

In subsection (b)(2) of this section, the phrase
"and directors named in the articles" is added
since these directors, rather than the
incorporators, initially direct the conduct of
the business of a commercial bank. See §
3-202(b)(6) of this subtitle and its revisor's
note; cf., present CA § 6-134(b)(5).

Present CA §§ 6-114(d) (2) and (3) and 6-135(d)(2)
and (3), which set the examination fees for