Section 9-613 - Authority to convert.
§ 9-613. Authority to convert.
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.
[CA § 6-228; 1980, ch. 856; 1986, ch. 282.]