Md. Code, Fin. Inst. § 9-632

Current with changes from the 2024 Legislative Session

Section 9-632 - Procedure for conversion

To convert to a commercial bank, a capital stock savings and loan shall deliver to the Commissioner:

(1) A filing fee of $1,000;

(2) An application for conversion;

(3) A certified copy of the resolution of the board of directors that authorizes the conversion;

(4) The proposed amended charter and bylaws amendments;

(5) The proposed notice of the meeting to consider conversion, and the time and manner in which notice will be given to stockholders;

(6) The proposed proxy statement;

(7) The proposed plan of conversion; and

(8) Any additional documents required by the Commissioner.

Md. Code, FI § 9-632