§ 9-610. Effective date of conversion

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(a) Filing of charter amendments required. -- After the final order of approval, the board of directors of the converting association shall file the endorsed charter amendments with the State Department of Assessments and Taxation.

(b) Acceptance of charter amendments for record. -- When the State Department of Assessments and Taxation accepts the charter amendments for record, the mutual association becomes a capital stock association.

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

                    
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