# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 6. Conversions; Extraordinary Actions

#### Section 9-637

(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.

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