# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 6. Conversions; Extraordinary Actions

#### Section 9-613

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.

---

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