Maryland Code, FINANCIAL INSTITUTIONS 9-613
Current as of: 2023 | Check for updates
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A Maryland savings and loan association may convert to a federal association if:
(1) It is eligible to become a member of the federal home loan bank system;
(2) Its members approve;
(3) Within 6 months after member approval, the association acts to convert in the manner required by federal law; and
(4) It receives a federal charter.