§ 9-613. Authority to convert

Latest version.

   A Maryland savings and loan association may convert to a federal association if:

   (1) It is eligible to become a member of the federal home loan bank system;

   (2) Its members approve;

   (3) Within 6 months after member approval, the association acts to convert in the manner required by federal law; and

   (4) It receives a federal charter.

HISTORY: CA § 6-228; 1980, ch. 856; 1986, ch. 282.

                    
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