2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 5-1104 - Powers of Commissioner to consummate acquisition
§5-1104.
If the Commissioner deems it appropriate in order to consummate an acquisition under this subtitle, the Commissioner may:
(1) Convert the charter, form of ownership, or operating powers of a savings and loan association into the charter, form of ownership, or operating powers of a commercial bank;
(2) Authorize the consolidation, merger, or transfer of assets of a savings and loan association into one or more savings and loan associations or commercial banks; and
(3) Charter a new commercial bank or savings and loan association to acquire all or a substantial portion of the assets and liabilities of an existing savings and loan association, including all savings accounts liabilities and liabilities to the State.
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