# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 11. Mutual Association Conversion to a Credit Union

#### Section 9-1109

In addition to membership authorized in Sec. 6-302 of this article, a credit union resulting from a conversion under this subtitle may permit individuals who, at the time of conversion, are members, savings account holders, directors, officers, employees, or borrowers of a mutual association, to become members of the resulting credit union.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)