Section 9-602 - Application to convert. - Maryland Statutes

§ 9-602. Application to convert.
 

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. 
 

[CA § 6-217; 1980, ch. 856; 1986, ch. 282.]