§ 9-209. Filing for record; status

Latest version.

(a) Filing required. -- On final approval of the articles of incorporation by the Division Director, the chairman of the incorporators of a savings and loan association shall file for record with the State Department of Assessments and Taxation the endorsed, executed articles of incorporation.

(b) Corporate status. -- When the State Department of Assessments and Taxation accepts the articles of incorporation for record in accordance with subsection (a) of this section, the savings and loan association becomes a corporation.

(c) Certification of filing. -- The chairman of the incorporators shall send to the Division Director a copy of the certificate that acknowledges that the articles of incorporation have been accepted for record.

HISTORY: CA § 6-209; 1980, ch. 856; 1986, ch. 282.

                    
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