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.
‹ Prev All Maryland sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.