Md. Code Ann., Fin. Inst. § 9-1102
Conversion of mutual association to credit union
Effective Jul 1, 1996Added by Acts 1988, c. 635, § 1, eff. June 1, 1988. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.State of Maryland
- (1) Its members approve; and
(2) Approval is granted by:
- (i) The Division Director; and
- (ii) The Commissioner.
A mutual association may convert to a credit union if:
Added by Acts 1988, c. 635, § 1, eff. June 1, 1988. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.