Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 6. CREDIT UNIONS |
SUBTITLE 3. FORMATION, ORGANIZATION, AND POWERS. |
PART I. FORMATION. |
§ 6-308. Articles of incorporation and bylaws -- Filing for record
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(a) Filing with Department of Assessments and Taxation. -- If the Commissioner approves the articles and bylaws, the incorporators shall file for record with the State Department of Assessments and Taxation one of the endorsed copies of the articles of incorporation.
(b) Endorsement required. -- When the articles of incorporation are filed for record in accordance with the provisions of subsection (a) of this section, the credit union becomes a corporation.