Md. Code, Fin. Inst. § 9-613

Current with changes from the 2024 Legislative Session

Section 9-613 - Authority to convert

A Maryland savings and loan association may convert to a federal association if:

(1) It is eligible to become a member of the federal home loan bank system;

(2) Its members approve;

(3) Within 6 months after member approval, the association acts to convert in the manner required by federal law; and

(4) It receives a federal charter.

Md. Code, FI § 9-613