Maryland Statutes
Part V - Capital Stock Savings and Loan Association Conversion to a Commercial Bank
Section 9-637 - Delivery of Minutes and Charter Amendments; Action by Commissioner

(a)    The board of directors of the converting association shall deliver to the Commissioner:
        (1)    A certified copy of the minutes of the meeting at which the conversion was approved; and
        (2)    The executed charter amendments and a conformed copy.
    (b)    On receipt of the minutes and charter amendments under subsection (a) of this section, the Commissioner shall:
        (1)    Endorse the executed copy of the charter amendments as approved; and
        (2)    Send to the converting association:
            (i)    The endorsed copy; and
            (ii)    A final order of approval of the conversion to a commercial bank.

Structure Maryland Statutes