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§ 4-210. Amendments to charter

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 4. Banking Institutions--Savings Banks
Subtitle 2. Formation and Powers (Refs & Annos)
MD Code, Financial Institutions, § 4-210
§ 4-210. Amendments to charter
Currentness
In general
(a) Any savings bank may amend its charter in any manner not inconsistent with law, as provided in this section.
Approval of proposed amendment
(b) A proposed amendment shall be approved at a meeting called for that purpose by:
(1) The affirmative vote in person or by proxy of two thirds of the members; or
(2) If there are no members, the affirmative vote of two thirds of the board of directors.
Certification of amendment
(c) After an amendment is approved by the members or the directors:
(1) The president of the savings bank and either its cashier or treasurer shall certify the amendment; and
(2) The amendment shall be signed, filed with the Commissioner for examination, and, if approved by the Commissioner, filed for record as required for articles of incorporation.
Examination fee
(d) On filing the amendment for examination, the savings bank shall pay to the Commissioner an examination fee of $20.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.
MD Code, Financial Institutions, § 4-210, MD FIN INST § 4-210
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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