§ 9-608. Approval by Division Director

MD Fin Inst Code § 9-608 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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.