§ 9–637

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 9-637 (2026)

Title 9. Savings and Loan Associations

Subtitle 6. Conversions; Extraordinary Actions

(a)

The board of directors of the converting association shall deliver to the Commissioner:

(1)

A certified copy of the minutes of the meeting at which the conversion was approved; and

(2)

The executed charter amendments and a conformed copy.

(b)

On receipt of the minutes and charter amendments under subsection (a) of this section, the Commissioner shall:

(1)

Endorse the executed copy of the charter amendments as approved; and

(2)

Send to the converting association:

(i)

The endorsed copy; and

(ii)

A final order of approval of the conversion to a commercial bank.