(a) If a mutual association wishes to convert to a credit union, the board of directors of the mutual association shall call a meeting of the members of the mutual association for the purpose of considering the proposal to convert.
(b) The mutual association shall give notice of the meeting as provided in Title 2, Subtitle 5 of the Corporations and Associations Article.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 11 - Mutual Association Conversion to a Credit Union
Section 9-1101 - "Mutual Association" Defined
Section 9-1102 - Authority to Convert
Section 9-1103 - Meeting of Members
Section 9-1104 - Member Approval
Section 9-1105 - Application to Convert; Examination; Audit
Section 9-1106 - Review and Approval of Application by Commissioner