1. (1) Convert the charter, form of ownership, or operating powers of a savings and loan association into the charter, form of ownership, or operating powers of a commercial bank;
2. (2) Authorize the consolidation, merger, or transfer of assets of a savings and loan association into one or more savings and loan associations or commercial banks; and
3. (3) Charter a new commercial bank or savings and loan association to acquire all or a substantial portion of the assets and liabilities of an existing savings and loan association, including all savings accounts liabilities and liabilities to the State.

If the Commissioner deems it appropriate in order to consummate an acquisition under this subtitle, the Commissioner may:

Added by Acts 1985, 2nd Sp. Sess., c. 3, § 1, eff. Oct. 25, 1985.