Maryland Code, Financial Institutions § 6-801

(1) Adopt a resolution that declares that the conversion is advisable;

(2) Set a date for a vote on the proposed conversion by the members of the credit union at an annual or special meeting of the members or by mail ballot to be filed on or before that date;

(3) Comply with federal law regarding conversion; and

(4) File the required conversion application with the Commissioner.

(1) Waive the vote of the members; and

(2) Substitute any reasonable method of determining the approval by the members.

(e)(1) Unless the Commissioner takes action under subsection (c) of this section, the proposed conversion shall be approved by the affirmative vote of a majority of the members who vote on the proposal.

(2) Within 10 days after the vote, a statement of the results of the vote shall be filed with the Commissioner. The statement shall be verified by the chairman or vice chairman of the board and by the secretary of the credit union.

(f)(1) Within 90 days after a proposed conversion is approved by the members, the credit union shall take any action necessary under federal law to make it a federal credit union.

(2) Within 10 days after the credit union receives a federal credit union charter, a copy of that charter shall be filed with the Commissioner and, when the copy is filed, the credit union ceases to be a State credit union.

(1) The converted credit union is no longer subject to the provisions of this title; and

(2) The successor federal credit union owns all the assets and is responsible for all the obligations of the former State credit union as though the conversion had not taken place.