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Session Laws, 1986
Volume 768, Page 1070   View pdf image
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1070                                          LAWS OF MARYLAND                                     Ch. 282

(ii)     "Building association";
(iii) "Savings and loan association"; or

(iv)     "Building and loan association".

(3)  May not be similar in any material or misleading
respect to the name of any other State or federal savings and
loan association, except that a savings and loan association in
operation before July 1, 1980 may continue to operate under its
existing name; and

(4)  May not include the words ["national"]
"COMMERCIAL", "federal", ["United States"] "GOVERNMENT",
"guaranteed", or "insured", "MARYLAND", "NATIONAL", "TRUST",
"TRUSTEE", OR "UNITED STATES", except that a savings and loan
association in operation before July 1, [1980] 1986 may continue
to operate under its existing name.

[9-204. Articles of incorporation and bylaws.

(a)  Content.

(1)  The articles of incorporation or bylaws of a
savings and loan association may:

(i) Limit the amount of savings that any person
may have in the association;

(ii) Specify a quorum for annual or special
meetings of its members; and

(iii) Restrict voting rights to one vote for
each member.

(2)  The articles of incorporation of a capital stock
association shall provide for the issuance of capital stock.

(b)  Execution of articles.

The incorporators shall sign and acknowledge the articles of
incorporation.]

9-204. ARTICLES OF INCORPORATION; PROPOSED BYLAWS.

(A) ARTICLES OF INCORPORATION.

THE ARTICLES OF INCORPORATION OF A SAVINGS AND LOAN
ASSOCIATION SHALL SET FORTH:

(1) THE NAME OF THE ASSOCIATION;

(2) THE COUNTY IN WHICH THE ASSOCIATION'S FIRST
PRINCIPAL PLACE OF BUSINESS IS TO BE LOCATED;

 

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Session Laws, 1986
Volume 768, Page 1070   View pdf image
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