(a) A savings bank may convert to a capital stock commercial bank with the approval of its members and the Commissioner.
(b) The Commissioner shall adopt regulations to govern the conversion of savings banks to capital stock commercial banks.
Structure Maryland Statutes
Title 4 - Banking Institutions -- Savings Banks
Subtitle 7 - Extraordinary Actions
Section 4-701 - Consolidations, Mergers, and Transfers of Assets
Section 4-701.1 - Converting Institution
Section 4-702 - Voluntary Dissolution
Section 4-703 - Conversion of Savings Bank to Capital Stock Commercial Bank