Maryland § 3-802
Full text of Maryland Maryland Code § 3-802, with citation guidance and answers to common questions.
§ 3-802.
(a) Any commercial bank may convert into a national banking association as provided by federal law.
(b) When a commercial bank applies to the Comptroller of the Currency for conversion into a national banking association, it shall file with the Commissioner a written notice of its intent to convert.
(c) When the Comptroller of the Currency issues a certificate of authority to do business as a national banking association, the charter of the commercial bank terminates and the new national banking association shall:
(1) Take all property of the commercial bank, subject to all of its liabilities that exist at the time of conversion;
(2) Notify the Commissioner of the conversion and the taking of property; and
(3) File with the Commissioner a copy of the certificate of authority issued by the Comptroller of the Currency.
(d) The Commissioner shall file a copy of the certificate of authority with the State Department of Assessments and Taxation.
Frequently Asked Questions About Maryland § 3-802
What does Maryland Code § 3-802 cover?
Section 3-802 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 3-802?
A common citation format is "Maryland Code § 3-802" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 3-802 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.