Section 11-304 - Incorporation.
§ 11-304. Incorporation.
(a) Filing of articles.- The Secretary shall execute and file proposed articles of incorporation of an authority with the State Department of Assessments and Taxation.
(b) Required contents.- The proposed articles of incorporation shall state:
(1) the name of the authority;
(2) that the authority is formed under this subtitle;
(3) the names, addresses, and terms of office of the first members of the Board of the authority;
(4) the location of the principal office of the authority;
(5) the purposes for which the authority is formed; and
(6) the powers of the authority, subject to the restrictions or limitations on the powers of the authority under this subtitle.
(c) Effect of filing.- Acceptance of the articles for record by the State Department of Assessments and Taxation is conclusive evidence of the formation of the authority.
(d) Amendment of articles.-
(1) The Board may amend the articles of incorporation.
(2) Any amendment to the articles of incorporation shall be filed with the State Department of Assessments and Taxation.
[An. Code 1957, art. 83A, § 5-1703(b)(1)-(3), (d)(1)(ii); 2008, ch. 306, § 2.]