(a) The incorporators shall sign and acknowledge two copies of articles of incorporation. (b) The articles of incorporation shall include: (1) The name and address of each incorporator; (2) A statement that: (i) Each incorporator is at least 18 years old; (ii) Each incorporator is a citizen of the United States; and (iii) At least one of the incorporators is a citizen of this State; (3) A statement that the incorporators are associating to form a savings bank under this subtitle; (4) The name of the savings bank, which may not be similar in any material respect to the name of any other bank, savings bank, or trust company in this State; (5) The municipal area and county where the principal banking office of the savings bank is to be located; (6) The name and residence address of each member; and (7) The number of directors and the names and residence addresses of those who will serve until their successors are elected and qualify.
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