Md. Code, Financial Institutions § 9-622
This is the official text of Md. Code, Financial Institutions § 9-622, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§9–622.
Official statutory text
The Division Director shall approve an application if the Division Director finds:
(1) The converting federal association has met the requirements of Subtitle 2 of this title that relate to the formation of a savings and loan association;
(2) The character, responsibility, and general fitness of the officers and directors of the converting federal association command confidence and warrant belief that the business of the converting association will be conducted honestly and efficiently in accordance with the intent of this title; and
(3) Allowing the federal association to convert to a Maryland savings and loan association will promote the public interest.
(1) The converting federal association has met the requirements of Subtitle 2 of this title that relate to the formation of a savings and loan association;
(2) The character, responsibility, and general fitness of the officers and directors of the converting federal association command confidence and warrant belief that the business of the converting association will be conducted honestly and efficiently in accordance with the intent of this title; and
(3) Allowing the federal association to convert to a Maryland savings and loan association will promote the public interest.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.