Section 9-629 - Partial liquidation, dissolution, or reorganization.

§ 9-629. Partial liquidation, dissolution, or reorganization.
 

A savings and loan association may reorganize, partially liquidate, or dissolve if: 

(1) It complies with Title 3 of the Corporations and Associations Article; and 

(2) The Division Director approves the plan of reorganization, partial liquidation, or dissolution. 
 

[CA § 6-226; 1980, ch. 856; 1986, ch. 282.]