Md. Code, Fin. Inst. § 9-629

Current with changes from the 2024 Legislative Session

Section 9-629 - Partial liquidation, dissolution, or reorganization

A savings and loan association may reorganize, partially liquidate, or dissolve if:

(1) It complies with Title 3 of the Corporations and Associations Article; and

(2) The Division Director approves the plan of reorganization, partial liquidation, or dissolution.

Md. Code, FI § 9-629