A proposed plan of conversion to a capital stock association shall provide: That each savings account holder will receive a withdrawable savings account in the converted association that is equal in amount to the withdrawable savings account in the mutual association; That all savings accounts will remain insured; That each savings account holder shall receive, without payment, nontransferable subscription rights to capital stock in the converted association; The number of shares of stock that will be sold; That subscription rights shall be on a basis pro rata to the member’s interest in the mutual association, however, fractional shares need not be issued; That the conversion to a capital stock association does not result in any reduction of the converting association’s reserves and net worth; An independent evaluation of the converting association’s pro forma market value as converted to support the offering of stock to the converting association’s members; The business purposes to be accomplished by the conversion; The manner in which capital stock in the converted association will be sold and distributed; A statement that capital stock is not insured; and That all earned surplus shall be distributed to members on a basis pro rata to the member’s interest in the mutual association. However, prior to such a distribution, there shall be set aside sufficient earned surplus in order to insure satisfying the requirements of §§ 9–218, 9–220, 9–221 and 9–324 of this title.