Maryland Statutes
§ 9-631
Maryland § 9-631
This text of Maryland § 9-631 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Financial Institutions § 9-631 (2026).
Text
A capital stock savings and loan association may convert to a commercial bank if:
(1)Its stockholders approve;
(2)Its charter is amended;
(3)The Commissioner approves;
(4)All deposits will be insured throughout the conversion;
(5)The depositors of the capital stock savings and loan association immediately prior to the conversion shall be entitled to deposits in the commercial bank of like amounts, interest rate and other terms, without interruption of interest;
(6)All deposits shall be insured by the Federal Deposit Insurance Corporation up to the maximum amount provided by law;
(7)It complies with Title 3 of the Corporations and Associations Article; and
(8)It has met all the requireme
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Bluebook (online)
Maryland § 9-631, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/9-631.