Section 6-305 - Execution and contents of articles of incorporation and agreement.
§ 6-305. Execution and contents of articles of incorporation and agreement.
(a) Execution.- The incorporators shall sign and acknowledge three copies of articles of incorporation.
(b) Contents of articles of incorporation.- The articles of incorporation shall include:
(1) The name and residential address of each incorporator;
(2) A statement that each incorporator is 18 years of age or older;
(3) A statement that the incorporators are associating to form a credit union under this title;
(4) The name of the credit union;
(5) The field of membership type as described in § 6-301 of this subtitle;
(6) The municipal area and county where the credit union is to be located;
(7) The par value of the shares of the credit union;
(8) The number of shares to which each incorporator subscribes;
(9) The name and address in the State of the resident agent of the credit union for purposes of service of process in accordance with the Maryland General Corporation Law; and
(10) The number of directors and the names and residential addresses of the individuals who will serve as directors on the board until their successors are elected and qualify.
[CA § 6-303; 1980, ch. 33, § 2; ch. 679; 2001, ch. 147, § 1; ch. 148, § 1.]