§ 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.

HISTORY: An. Code 1957, art. 83A, § 5-1703(b)(1)-(3), (d)(1)(ii); 2008, ch. 306, § 2.