Authority to convert

  1. Law
  2. Maryland Code
  3. Financial Institutions
  4. Savings and Loan Associations
  5. Mutual Association Conversion to a Credit Union
  6. Authority to convert

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    A mutual association may convert to a credit union if:

        (1)    Its members approve; and

        (2)    Approval is granted by:

            (i)    The Division Director; and

            (ii)    The Commissioner.


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