Maryland Code, Financial Institutions § 6-304

(i) Meets the common bond requirements of the proposed field of membership type; and

(ii) Files with the Commissioner an application and any other documents that the Commissioner deems necessary to make a determination on the application; and

(i) Is in the best interest of the existing and proposed memberships;

(ii) Provides a means for better service to the existing membership;

(iii) Is in accordance with sound credit union practices; and

(iv) Does not expose the funds of the existing members to unnecessary risk.

(i) May not continue to serve groups within the field of membership of the credit union that no longer qualify for membership in the credit union as a result of the conversion; and

(ii) May continue to serve members of a group identified under item (i) of this paragraph who are members before the effective date of the conversion.