Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 9. SAVINGS AND LOAN ASSOCIATIONS |
SUBTITLE 6. CONVERSIONS; EXTRAORDINARY ACTIONS |
PART V. CAPITAL STOCK SAVINGS AND LOAN ASSOCIATION CONVERSION TO A COMMERCIAL BANK |
§ 9-634. Issuance of letter of preliminary approval
Latest version.
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Within 60 days of the filing of an application, if the Commissioner finds that the stock association has met the requirements of § 9-633 of this subtitle, the Commissioner shall issue to the converting association a letter of preliminary approval of the conversion.