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§ 9-1107. Effective date of conversion

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 9. Savings and Loan Associations
Subtitle 11. Mutual Association Conversion to a Credit Union (Refs & Annos)
MD Code, Financial Institutions, § 9-1107
§ 9-1107. Effective date of conversion
Currentness
Filing of endorsed copy of application
(a) On approval of the application for conversion, the applicant shall file an endorsed copy of the application with the State Department of Assessments and Taxation.
Acceptance of application and endorsed amended articles and bylaws for record
(b) The mutual association becomes a credit union when the application and endorsed amended articles and bylaws by the State Department of Assessments and Taxation accepts the application for record.
Certification by credit union
(c) The credit union shall certify the acceptance of the application and endorsed amended articles and bylaws by the State Department of Assessments and Taxation within 10 days of receiving the acceptance to the Commissioner.

Credits

Added by Acts 1988, c. 635, § 1, eff. June 1, 1988. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.
MD Code, Financial Institutions, § 9-1107, MD FIN INST § 9-1107
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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