A savings bank may not do business until it receives from the Commissioner a certificate of authority to do business.
Structure Maryland Statutes
Title 4 - Banking Institutions -- Savings Banks
Subtitle 2 - Formation and Powers
Section 4-201 - Formation in General
Section 4-202 - Articles of Incorporation -- Execution and Contents
Section 4-203 - Articles of Incorporation -- Filing for Examination and Approval
Section 4-204 - Articles of Incorporation -- Filing for Record
Section 4-205 - Corporate Status; Perpetual Existence
Section 4-206 - General Powers of Savings Bank
Section 4-207 - Certification Before Beginning Business
Section 4-208 - Initial Guaranty Fund Requirements