Md. Code Ann., Fin. Inst. § 9-601
Conversion of mutual association to capital stock association
Effective Jun 1, 1986Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.State of Maryland
- (1) Its members approve;
- (2) Its charter is amended; and
- (3) The Division Director approves.
A mutual association may convert to a capital stock association if:
Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.