§ 4-904. When subsidiary savings bank becomes corporation

Latest version.

(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.

HISTORY: 1986, ch. 355; 2010, ch. 72, § 5.

                    
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