Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 9. SAVINGS AND LOAN ASSOCIATIONS |
SUBTITLE 11. MUTUAL ASSOCIATION CONVERSION TO A CREDIT UNION |
§ 9-1103. Meeting of members
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(a) Meeting called. -- If a mutual association wishes to convert to a credit union, the board of directors of the mutual association shall call a meeting of the members of the mutual association for the purpose of considering the proposal to convert.
(b) Notice. -- The mutual association shall give notice of the meeting as provided in Title 2, Subtitle 5 of the Corporations and Associations Article.