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Statutes Text

Article - Financial Institutions




§9–602.

    To convert to a capital stock association, a mutual association shall deliver to the Division Director:

        (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 members;

        (6)    The proposed proxy statement;

        (7)    The proposed plan of conversion; and

        (8)    A certified audit of the association.



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