Md. Code Ann., Fin. Inst. § 9-629
Reorganization, partial liquidation, or dissolution
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) 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.
A savings and loan association may reorganize, partially liquidate, or dissolve if:
Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.