§ 9–1103
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 9-1103 (2026)
Title 9. Savings and Loan Associations
Subtitle 11. Mutual Association Conversion to a Credit Union
§ 9–1103LinkCopy Citation
(a)
If a mutual association wishes to convert to a credit union, the board of directors of the mutual association shall call a meeting of the members of the mutual association for the purpose of considering the proposal to convert.
(b)
The mutual association shall give notice of the meeting as provided in Title 2, Subtitle 5 of the Corporations and Associations Article.