§ 9-613
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/md/financial-institutions/9-613A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–613.
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.