Conversion of savings bank to capital stock commercial bank.

  1. Law
  2. Maryland Code
  3. Financial Institutions
  4. Banking Institutions -- Savings Banks
  5. Extraordinary Actions
  6. Conversion of savings bank to capital stock commercial bank.

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    (a)    A savings bank may convert to a capital stock commercial bank with the approval of its members and the Commissioner.

    (b)    The Commissioner shall adopt regulations to govern the conversion of savings banks to capital stock commercial banks.


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