Section 9-605 - Preliminary approval.
§ 9-605. Preliminary approval.
Within 60 days of the filing of an application, if the Division Director finds that the mutual association has met the requirements of § 9-604 of this subtitle, the Division Director shall issue to the converting association a letter of preliminary approval of the conversion.
[CA § 6-217; 1980, ch. 856; 1986, ch. 282.]