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Can you summarize MDCM Fin. Inst. Section 9-634?

Short Summary

Within 60 days of the filing of an application, if the Commissioner finds that the stock association has met the requirements of 9-633 of this subtitle, the Commissioner shall issue to the converting association a letter of preliminary approval of the conversion.

Jurisdiction

Maryland

Source
MDCM Fin. Inst. Section 9-634 [https://reggi.cloud.regology.com/regulations/US-MDCM/US-MDCM_C_gfi_S_9-634]