Maryland Financial Institutions Section 9-602

      To convert to a capital stock association, a mutual association shall deliver to the Division Director:

            (1)      A filing fee of $1,000;

            (2)      An application for conversion;

            (3)      A certified copy of the resolution of the Board of Directors that authorizes the conversion;

            (4)      The proposed amended charter and bylaws amendments;

            (5)      The proposed notice of the meeting to consider conversion, and the time and manner in which notice will be given to members;

            (6)      The proposed proxy statement;

            (7)      The proposed plan of conversion; and

            (8)      A certified audit of the association.