§ 9-602. Application to convert

Latest version.

   To convert to a capital stock association, a mutual association shall deliver to the Division Director:

   (1) A filing fee of $ 1,000;

   (2) An application for conversion;

   (3) A certified copy of the resolution of the board of directors that authorizes the conversion;

   (4) The proposed amended charter and bylaws amendments;

   (5) The proposed notice of the meeting to consider conversion, and the time and manner in which notice will be given to members;

   (6) The proposed proxy statement;

   (7) The proposed plan of conversion; and

   (8) A certified audit of the association.

HISTORY: CA § 6-217; 1980, ch. 856; 1986, ch. 282; 2010, ch. 72, § 5.

                    
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