Section 9-639 - Filing endorsed charter amendments; acceptance of charter amendments.
§ 9-639. Filing endorsed charter amendments; acceptance of charter amendments.
(a) Board of directors to file endorsed amendments.- After the final order of approval, the board of directors of the converting association shall file the endorsed charter amendments with the State Department of Assessments and Taxation.
(b) Acceptance by State Department of Assessments and Taxation.- When the State Department of Assessments and Taxation accepts the charter amendments for record, the stock association becomes a commercial bank.
[1986, ch. 591.]