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Section 9-639 - Filing Endorsed Charter Amendments; Acceptance of Charter Amendments — 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 9-639 - Filing Endorsed Charter Amendments; Acceptance of Charter Amendments
Maryland Legal Code

Section 9-639 - Filing Endorsed Charter Amendments; Acceptance of Charter Amendments

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(a) After the final order of approval, the board of directors of the converting association shall file the endorsed charter amendments with the State Department of Assessments and Taxation. (b) When the State Department of Assessments and Taxation accepts the charter amendments for record, the stock association becomes a commercial bank.