Maryland Financial Institutions Section 9-637

Article - Financial Institutions

§ 9-637.

      (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.



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