N.Y. Banking Law § 230: Incorporation; organization certificate

§ 230. Incorporation; organization certificate. When authorized by the

superintendent as provided in article two of this chapter, not less than

nine nor more than twenty persons may incorporate a savings bank. They

shall subscribe and acknowledge an organization certificate in

duplicate, which shall specifically state:

1. The name by which the corporation is to be known.

2. The place where its principal office is to be located.

3. Its duration if other than perpetual.

4. The name, occupation, citizenship, residence and post-office

address of each incorporator.

5. The amount which each incorporator will contribute in cash to the

surplus fund.

6. The names of the incorporators who are to constitute its first

board of trustees. Such persons as individuals and as a group must be

free of the disqualifications specified in section two hundred forty-six

of this article.