Section 9-620 - Application to convert.

§ 9-620. Application to convert.
 

To convert to a Maryland savings and loan association, the board of directors of a federal association shall deliver to the Division Director: 

(1) A written application in the form that the Division Director requires; 

(2) The executed copy of the proposed articles of incorporation and a conformed copy; 

(3) The proposed bylaws; 

(4) Any additional exhibits the Division Director requires; and 

(5) A filing fee of $1,000. 
 

[CA § 6-229; 1980, ch. 856; 1986, ch. 282.]