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Current as of January 01, 2025 | Updated by Findlaw Staff
To convert to a commercial bank, a capital stock savings and loan shall deliver to the Commissioner:
(1) A filing fee of $1,000;
(2) An application for conversion;
(3) A certified copy of the resolution of the board of directors that authorizes the conversion;
(4) The proposed amended charter and bylaws amendments;
(5) The proposed notice of the meeting to consider conversion, and the time and manner in which notice will be given to stockholders;
(6) The proposed proxy statement;
(7) The proposed plan of conversion; and
(8) Any additional documents required by the Commissioner.
Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 9-632 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-9-632/
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