Authority to convert

  1. Law
  2. Maryland Code
  3. Financial Institutions
  4. Savings and Loan Associations
  5. Conversions; Extraordinary Actions
  6. Mutual Association Conversion to Capital Stock Association
  7. Authority to convert

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    A mutual association may convert to a capital stock association if:

        (1)    Its members approve;

        (2)    Its charter is amended; and

        (3)    The Division Director approves.


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