Section 4-904 - When subsidiary savings bank becomes corporation.
§ 4-904. When subsidiary savings bank becomes corporation.
(a) Filing articles.- 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) Right to perpetual existence until forfeiture.- Notwithstanding any charter provision or provision of law, a subsidiary savings bank has the right to perpetual existence until forfeiture.
[1986, ch. 355.]