Md. Code, Financial Institutions § 9-602
Md. Code, Financial Institutions § 9-602
in effectTo convert to a capital stock association, a mutual association shall deliver to the Division Director:
(1) A filing fee of $1,000;
(2) An application for conversion;
(3) A certified copy of the resolution of the board of directors that authorizes the conversion;
(4) The proposed amended charter and bylaws amendments;
(5) The proposed notice of the meeting to consider conversion, and the time and manner in which notice will be given to members;
(6) The proposed proxy statement;
(7) The proposed plan of conversion; and
(8) A certified audit of the association.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=9-602&enactments=falseFetched: 10/17/2026