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.
Structure Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Subtitle 11 - Savings and Loan Associations -- Emergency Interstate Acquisitions
Section 5-1101.1 - Effective Period of Subtitle
Section 5-1102 - Scope of Subtitle
Section 5-1103 - Conditions for Acquisition and Conversion; Documents Submitted
Section 5-1104 - Powers of Commissioner to Consummate Acquisition
Section 5-1105 - Powers of and Restrictions on Commercial Bank Acquired Under Subtitle
Section 5-1106 - Powers of Commissioner as to Plan of Acquisition