MARVIN MANDEL, Governor                                1507

(1) Expressly exempts cooperatives; or

(2) Is contrary to or inconsistent with the
provisions of this subtitle.

5—532.

(b) Any cooperative which violates any provision of
this subtitle or of the [general corporation law]
MARYLAND GENERAL CORPORATION LAW applicable to

cooperatives shall have its right to do business in this
State revoked in a proceeding brought in the circuit
court of the county where its office is located.

6-120.

(a)    A subscription for the original capital stock
of a State bank shall conform, to the extent applicable,
to the [general corporation law] PROVISIONS OF THE
MARYLAND GENERAL CORPORATION LAW relating to
subscriptions for stock.

6-126.

(a)(1) The [board of directors] BUSINESS AND
AFFAIRS of a State bank shall [manage its affairs] BE
MANAGED UNDER THE DIRECTION OF A BOARD OF DIRECTORS.

6-126.

(b)        Before the election of the board of directors,
the management of the affairs of each State bank shall
conform, to the extent applicable, to the [general
corporation law] PROVISIONS OF THE MARYLAND GENERAL
CORPORATION LAW relating to management of a corporation.

6-147.

(a)(1) The [board of directors]      BUSINESS AND

AFFAIRS of a trust company shall [manage    its affairs] BE

MANAGED UNDER THE DIRECTION OF A BOARD OF    DIRECTORS [and
exercise its corporate powers].

6-220.

(a) The [board of directors] BUSINESS AND AFFAIRS
of a savings and loan association shall [manage its
business and affairs] BE MANAGED UNDER THE DIRECTION OF A
BOARD OF DIRECTORS.

6-305.

(a) The incorporators shall file for examination
with the Commissioner the three copies of the articles of
incorporation and the bylaws. The Commissioner shall
investigate and determine from the best available sources
of information if: