(a) The incorporators shall sign and acknowledge three copies of articles of incorporation. (b) The articles of incorporation shall include: (1) The name and residential address of each incorporator; (2) A statement that each incorporator is 18 years of age or older; (3) A statement that the incorporators are associating to form a credit union under this title; (4) The name of the credit union; (5) The field of membership type as described in § 6-301 of this subtitle; (6) The municipal area and county where the credit union is to be located; (7) The par value of the shares of the credit union; (8) The number of shares to which each incorporator subscribes; (9) The name and address in the State of the resident agent of the credit union for purposes of service of process in accordance with the Maryland General Corporation Law; and (10) The number of directors and the names and residential addresses of the individuals who will serve as directors on the board until their successors are elected and qualify.
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