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Section 9-608 - Approval by Division Director — Maryland Law | CourtGPT
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  2. Laws/
  3. Maryland/
  4. Financial Institutions - Title 1 - Definitions; General Provisions/
  5. Title 9 - Savings and Loan Associations/
  6. Subtitle 6 - Conversions; Extraordinary Actions/
  7. Part I - Mutual Association Conversion to Capital Stock Association/
  8. Section 9-608 - Approval by Division Director
Maryland Legal Code

Section 9-608 - Approval by Division Director

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(a) The board of directors of the converting association shall deliver to the Division Director: (1) A certified copy of the minutes of the meeting at which the conversion was approved; and (2) The executed charter amendments and a conformed copy. (b) On receipt of the minutes and charter amendments under subsection (a) of this section, the Division Director shall: (1) Endorse the executed copy of the charter amendments as approved; and (2) Send to the converting association: (i) The endorsed copy; and (ii) A final order of approval of the conversion to a capital stock association.