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Can you summarize MDCM Fin. Inst. Section 9-639?

Short Summary

(a)After the final order of approval, the board of directors of the converting association shall file the endorsed charter amendments with the State Department of Assessments and Taxation. (b)When the State Department of Assessments and Taxation accepts the charter amendments for record, the stock association becomes a commercial bank.

Jurisdiction

Maryland

Source
MDCM Fin. Inst. Section 9-639 [https://reggi.cloud.regology.com/regulations/US-MDCM/US-MDCM_C_gfi_S_9-639]