Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 4. BANKING INSTITUTIONS -- SAVINGS BANKS |
SUBTITLE 9. SUBSIDIARY SAVINGS BANKS |
§ 4-904. When subsidiary savings bank becomes corporation
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(a) Filing articles. -- When the articles of incorporation are filed for recording in accordance with § 4-903 of this subtitle, 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.