Section 1002 - Incorporators(a) An institution may be incorporated by: (i) fifteen or more adults, in the case of a mutual savings bank, and(ii) three or more adults who shall each subscribe to shares of common stock with an aggregate par value of at least one thousand dollars ($1,000), in the case of any other institution.(b) At least two-thirds of the incorporators shall be citizens of the United States or its territories or possessions and at least two-thirds shall be residents of Pennsylvania.1965, Nov. 30, P.L. 847, No. 356, § 1002. Amended 1982, April 8, P.L. 262, No. 79, § 13, imd. effective.