(a) On final order of approval of the articles of incorporation by the Division Director, the board of directors of the converting association shall file for record with the State Department of Assessments and Taxation the endorsed, executed articles of incorporation.
(b) When the State Department of Assessments and Taxation accepts the articles of incorporation for record, the federal association becomes a Maryland savings and loan association.
(c) The board of directors of the converted association shall send a copy of the certificate acknowledging acceptance of the articles of incorporation to the Division Director.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 6 - Conversions; Extraordinary Actions
Part III - Federally Chartered Conversion to State-Chartered
Section 9-618 - Authority to Convert
Section 9-619 - Member Approval
Section 9-620 - Application to Convert
Section 9-621 - Notice of Filing and Hearing
Section 9-622 - Findings Required for Approval