(a) On receipt of the Division Director’s letter of preliminary approval, the board of directors of the converting association shall call a meeting of the members for the purpose of considering the plan of conversion to a capital stock association.
(b) At least 10 days, but not more than 90 days, before the meeting, the converting association shall mail notice of the meeting to all members entitled to vote.
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