§ 3-205

Md. Code Ann., Fin. Inst. § 3-205

Corporate status gained upon filing articles for record

Effective Jul 1, 1980Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.State of Maryland

(a) When articles of incorporation are filed for record in accordance with § 3-204 of this subtitle, the commercial bank becomes a corporation.
(b) Notwithstanding any charter provision or provision of law, each commercial bank has the right to perpetual existence until forfeiture.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.