In addition to membership authorized in § 6-302 of this article, a credit union resulting from a conversion under this subtitle may permit individuals who, at the time of conversion, are members, savings account holders, directors, officers, employees, or borrowers of a mutual association, to become members of the resulting credit union.
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