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Can you summarize MDCM Fin. Inst. Section 9-632?
Short Summary
To convert to a commercial bank, a capital stock savings and loan shall deliver to the Commissioner: (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 stockholders; (6)The proposed proxy statement; (7)The proposed plan of conversion; and (8)Any additional documents required by the Commissioner.
Jurisdiction
Maryland