Section 9-602 - Application to convert.
§ 9-602. Application to convert.
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.
[CA § 6-217; 1980, ch. 856; 1986, ch. 282.]