§ 9–602

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 9-602 (2026)

Title 9. Savings and Loan Associations

Subtitle 6. Conversions; Extraordinary Actions

To convert to a capital stock association, a mutual association shall deliver to the Division Director:

(1)

A filing fee of $1,000;

(2)

An application for conversion;

(3)

A certified copy of the resolution of the board of directors that authorizes the conversion;

(4)

The proposed amended charter and bylaws amendments;

(5)

The proposed notice of the meeting to consider conversion, and the time and manner in which notice will be given to members;

(6)

The proposed proxy statement;

(7)

The proposed plan of conversion; and

(8)

A certified audit of the association.