(a) A savings and loan association may consolidate with, merge with or into, or transfer its assets to any other savings and loan association, any savings bank, or any out-of-state association as defined in § 9-1001(i) of this title if: (1) It complies with Title 3 of the Corporations and Associations Article; (2) The Division Director approves the […]
A savings and loan association may effect a statutory merger into any other savings and loan association, any savings bank, or any out-of-state association as defined in § 9-1001(i) of this title if the plan of statutory merger: (1) Complies with Title 3 of the Corporations and Associations Article; (2) Is approved by: (i) The board of directors […]
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.
(a) To consolidate, merge, transfer assets, effect a statutory merger, reorganize, partially liquidate, or dissolve, a savings and loan association shall deliver to the Division Director the proposed plan of the respective action. (b) (1) Except as provided in paragraph (3) of this subsection, the Division Director shall publish notice of the filing of a plan of consolidation, […]
