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Code · Maryland · Financial Institutions

§ 9-635

68 words·~1 min read·/md/financial-institutions/9-635

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§9–635.
(a)On receipt of the Commissioner’s letter of preliminary approval, the board of directors of the converting association shall call a meeting of the members for the purpose of considering the plan of conversion to a commercial bank.
(b)At least 10 days, but not more than 90 days, before the meeting, the converting association shall mail notice of the meeting to all members entitled to vote.
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