Md. Code Ann., Fin. Inst. § 9-637
Endorsement and approval of conversion by Commissioner
Effective Jul 1, 1996Added by Acts 1986, c. 591, § 1, eff. July 1, 1986. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.State of Maryland
(a) The board of directors of the converting association shall deliver to the Commissioner:
- (1) A certified copy of the minutes of the meeting at which the conversion was approved; and
- (2) The executed charter amendments and a conformed copy.
(b) On receipt of the minutes and charter amendments under subsection (a) of this section, the Commissioner shall:
- (1) Endorse the executed copy of the charter amendments as approved; and
(2) Send to the converting association:
- (i) The endorsed copy; and
- (ii) A final order of approval of the conversion to a commercial bank.
Added by Acts 1986, c. 591, § 1, eff. July 1, 1986. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.