Three or more adult individuals, each of whom is a citizen of the United States, and at least one of whom is a citizen of this State, may act as incorporators to form a State bank or a trust company under this subtitle.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 2020, c. 498, § 1, eff. Oct. 1, 2020.