Within 60 days of the filing of an application, if the Division Director finds that the mutual association has met the requirements of ยง 9-604 of this subtitle, the Division Director shall issue to the converting association a letter of preliminary approval of the conversion.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 6 - Conversions; Extraordinary Actions
Part I - Mutual Association Conversion to Capital Stock Association
Section 9-601 - Authority to Convert
Section 9-602 - Application to Convert
Section 9-603 - Proposed Plan of Conversion
Section 9-604 - Review by Division Director
Section 9-605 - Preliminary Approval
Section 9-606 - Meeting of Members
Section 9-607 - Member Approval
Section 9-608 - Approval by Division Director
Section 9-610 - Effective Date of Conversion
Section 9-611 - Modified Conversions of Savings and Loan Associations to Capital Stock Associations
Section 9-612 - Voluntary Conversions of Savings and Loan Associations to Capital Stock Associations