Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 9. SAVINGS AND LOAN ASSOCIATIONS |
SUBTITLE 6. CONVERSIONS; EXTRAORDINARY ACTIONS |
PART I. MUTUAL ASSOCIATION CONVERSION TO CAPITAL STOCK ASSOCIATION |
§ 9-606. Meeting of members
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(a) Meeting called. -- On receipt of the Division Director's letter of preliminary approval, the board of directors of the converting association shall call a meeting of the members for the purpose of considering the plan of conversion to a capital stock association.
(b) Notice. -- At least 10 days, but not more than 90 days, before the meeting, the converting association shall mail notice of the meeting to all members entitled to vote.