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Can you summarize MDCM Fin. Inst. Section 9-637?
Short Summary
(a)The board of directors of the converting association shall deliver to the Commissioner: (1)A certified copy of the minutes of the meeting at which the conversion was approved; and (2)The executed charter amendments and a conformed copy. (b)On receipt of the minutes and charter amendments under subsection (a) of this section, the Commissioner shall: (1)Endorse the executed copy of the charter amendments as approved; and (2)Send to the converting association: (i)The endorsed copy; and (ii)A final order of approval of the conversion to a commercial bank.
Jurisdiction
Maryland