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Section 9-636 - Stockholder Approval — 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 9-636 - Stockholder Approval
Maryland Legal Code

Section 9-636 - Stockholder Approval

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A proposed plan of conversion to a commercial bank and proposed charter amendments to conform to the conversion require approval by a majority vote of the total number of votes eligible to be cast by the stockholders of a stock association.