§ 9–613

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 9-613 (2026)

Title 9. Savings and Loan Associations

Subtitle 6. Conversions; Extraordinary Actions

A Maryland savings and loan association may convert to a federal association if:

(1)

It is eligible to become a member of the federal home loan bank system;

(2)

Its members approve;

(3)

Within 6 months after member approval, the association acts to convert in the manner required by federal law; and

(4)

It receives a federal charter.