(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.
Structure Maryland Statutes
Title 3 - Banking Institutions -- Commercial Banks
Subtitle 2 - Formation and Powers
Section 3-201 - Formation in General
Section 3-202 - Articles of Incorporation -- Execution and Contents
Section 3-203 - Articles of Incorporation -- Filing for Examination and Approval
Section 3-203.1 - Articles of Incorporation -- Fingerprint Requirements
Section 3-204 - Articles of Incorporation -- Filing for Record
Section 3-205 - Corporate Status; Perpetual Existence
Section 3-206 - General Powers of Commercial Bank
Section 3-207 - Additional Powers of Trust Company
Section 3-208 - Certification Before Beginning Business
Section 3-209 - Minimum Capital Requirements -- Commercial Banks
Section 3-211 - Capital Payments Before Beginning Business
Section 3-211.1 - Receivership -- Nondepository Trust Company