# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 6. Conversions; Extraordinary Actions

#### Section 9-601

A mutual association may convert to a capital stock association if:

(1) Its members approve;

(2) Its charter is amended; and

(3) The Division Director approves.

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