(a) An out-of-state association’s status as an out-of-state association shall not be affected by its conversion from a federal charter to a charter issued by a region jurisdiction, or by conversion from a charter issued by a region jurisdiction to a federal charter, so long as the out-of-state association otherwise continues to qualify as an out-of-state association in accordance with § 9-1001(i) of this subtitle.
(b) An out-of-state association that is not a federally chartered association on and after June 30, 1992 shall divest itself of any deposit-taking offices in Maryland, in accordance with § 9-1006 of this subtitle.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 10 - Regional Reciprocal Interstate Savings and Loan Acquisitions
Section 9-1002 - Scope of Subtitle
Section 9-1003 - Acquisition by Out-of-State Savings and Loan Holding Company
Section 9-1004 - Acquisition by Out-of-State Association
Section 9-1005 - Prohibited Acquisitions
Section 9-1006 - Duties of Interstate Association or Out-of-State Savings and Loan Holding Company
Section 9-1007 - Powers of Division Director
Section 9-1008 - Purpose; Nonseverability; Monitoring and Reporting