Maryland § 9-631
Full text of Maryland Maryland Code § 9-631, with citation guidance and answers to common questions.
§ 9-631.
A capital stock savings and loan association may convert to a commercial bank if:
(1) Its stockholders approve;
(2) Its charter is amended;
(3) The Commissioner approves;
(4) All deposits will be insured throughout the conversion;
(5) The depositors of the capital stock savings and loan association immediately prior to the conversion shall be entitled to deposits in the commercial bank of like amounts, interest rate and other terms, without interruption of interest;
(6) All deposits shall be insured by the Federal Deposit Insurance Corporation up to the maximum amount provided by law;
(7) It complies with Title 3 of the Corporations and Associations Article; and
(8) It has met all the requirements of this part and other applicable provisions in this article.
Frequently Asked Questions About Maryland § 9-631
What does Maryland Code § 9-631 cover?
Section 9-631 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 § 9-631?
A common citation format is "Maryland Code § 9-631" (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 § 9-631 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.