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Section 9-632 - Procedure for Conversion — Maryland Law | CourtGPT
  1. Home/
  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 V - Capital Stock Savings and Loan Association Conversion to A Commercial Bank/
  8. Section 9-632 - Procedure for Conversion
Maryland Legal Code

Section 9-632 - Procedure for Conversion

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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.