4056                                                       VETOES

(B) THE ARTICLES OF INCORPORATION SHALL INCLUDE:

(1) THE NAME AND ADDRESS OF EACH INCORPORATOR;

(2) A STATEMENT THAT EACH INCORPORATOR IS 18 YEARS
OLD OR OLDER, AND A RESIDENT OF THIS STATE, AND A CITIZEN OF THE
UNITED STATES;

(3) A STATEMENT THAT THE INCORPORATORS ARE ASSOCIATED
TO FORM A SUBSIDIARY SAVINGS BANK UNDER THIS SUBTITLE;

(4) THE NAME OF THE SUBSIDIARY SAVINGS BANK, WHICH
MAY NOT BE SIMILAR IN ANY MATERIAL RESPECT TO THE NAME OF ANY
OTHER BANK OR TRUST COMPANY IN THIS STATE, EXCEPT THAT THE NAME
OF THE SUBSIDIARY SAVINGS BANK MAY BE SIMILAR TO THE NAME OF A
SAVINGS BANK REORGANIZED PURSUANT TO THIS TITLE THAT IS
AFFILIATED WITH THE SUBSIDIARY SAVINGS BANK;

(5) THE MUNICIPAL AREA AND COUNTY WHERE THE PRINCIPAL
BANKING OFFICE OF THE SUBSIDIARY SAVINGS BANK IS TO BE LOCATED;

(6) THE NUMBER OF DIRECTORS AND THE NAMES AND
RESIDENCE ADDRESSES OF THOSE WHO WILL SERVE AS DIRECTORS UNTIL
THEIR SUCCESSORS ARE ELECTED AND QUALIFY; AND

(7) A STATEMENT THAT ALL THE SHARES OF CAPITAL STOCK
ISSUED SHALL BE HELD BY THE MUTUAL HOLDING COMPANY.

(C) THE MINIMUM CAPITAL REQUIREMENTS OF A SUBSIDIARY
SAVINGS BANK SHALL BE GOVERNED BY SECTION 3-209 SECTIONS 3-209
AND 3-211 OF THIS ARTICLE.

(D) THE ARTICLES OF INCORPORATION MAY INCLUDE ANY OTHER
PROVISIONS NOT INCONSISTENT WITH LAW.

4-903.

(A) IF THE BANK COMMISSIONER APPROVES THE ARTICLES OF
INCORPORATION OF THE SUBSIDIARY SAVINGS BANK, THE INCORPORATORS
SHALL FILE FOR RECORD WITH THE STATE DEPARTMENT OF ASSESSMENTS
AND TAXATION ONE ENDORSED COPY OF THE ARTICLES OF INCORPORATION.

(B) UNLESS THE BANK COMMISSIONER HAS ENDORSED THE ARTICLES
OF INCORPORATION AS APPROVED, ARTICLES OF INCORPORATION THAT ARE
FILED FOR RECORD MAY NOT BE EFFECTIVE.

4-904.

(A) WHEN THE ARTICLES OF INCORPORATION ARE FILED FOR
RECORDING IN ACCORDANCE WITH § 4-903 OF THIS TITLE, THE
SUBSIDIARY SAVINGS BANK BECOMES A CORPORATION.

(B) NOTWITHSTANDING ANY CHARTER PROVISION OR PROVISION OF
LAW, A SUBSIDIARY SAVINGS BANK HAS THE RIGHT TO PERPETUAL
EXISTENCE UNTIL FORFEITURE.