Partial liquidation, dissolution, or reorganization

  1. Law
  2. Maryland Code
  3. Financial Institutions
  4. Savings and Loan Associations
  5. Conversions; Extraordinary Actions
  6. Consolidation; Merger; Transfer of Assets; Statutory Merger
  7. Partial liquidation, dissolution, or reorganization

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    A savings and loan association may reorganize, partially liquidate, or dissolve if:

        (1)    It complies with Title 3 of the Corporations and Associations Article; and

        (2)    The Division Director approves the plan of reorganization, partial liquidation, or dissolution.


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