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§ 4-703. Conversion to capital stock commercial bank

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2012

West's Annotated Code of Maryland
Financial Institutions
Title 4. Banking Institutions--Savings Banks
Subtitle 7. Extraordinary Actions (Refs & Annos)
Effective: July 1, 2012
MD Code, Financial Institutions, § 4-703
§ 4-703. Conversion to capital stock commercial bank
Currentness
In general
(a) A savings bank may convert to a capital stock commercial bank with the approval of its members and the Commissioner.
Regulations
(b) The Commissioner shall adopt regulations to govern the conversion of savings banks to capital stock commercial banks.

Credits

Added by Acts 2012, c. 52, § 1, eff. July 1, 2012.
MD Code, Financial Institutions, § 4-703, MD FIN INST § 4-703
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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