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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 4. BANKING INSTITUTIONS -- SAVINGS BANKS |
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SUBTITLE 7. EXTRAORDINARY ACTIONS |
§ 4-703. Conversion of savings bank to capital stock commercial bank.
Latest version.
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(a) In general. -- A savings bank may convert to a capital stock commercial bank with the approval of its members and the Commissioner.
(b) Regulations. -- The Commissioner shall adopt regulations to govern the conversion of savings banks to capital stock commercial banks.