Maryland Financial Institutions Section 9-632

Article - Financial Institutions

§ 9-632.

      To convert to a commercial bank, a capital stock savings and loan shall deliver to the Commissioner:

            (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 stockholders;

            (6)      The proposed proxy statement;

            (7)      The proposed plan of conversion; and

            (8)      Any additional documents required by the Commissioner.



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