1748

LAWS OF MARYLAND

[Ch. 311

EFFICIENTLY, IN ACCORDANCE WITH THE INTENT OF THIS
SUBTITLE; AND

(3) ALLOWING THE PROPOSED SAVINGS INSTITUTION
TO ENGAGE IN BUSINESS:

(I)    WILL PROMOTE PUBLIC CONVENIENCE AND
ADVANTAGE; AND

(II)   IS EXPEDIENT AND DESIRABLE.

(B)   CHANGES IN ARTICLES.

AFTER HIS INVESTIGATION, THE COMMISSIONER MAY
REQUIRE ANY CHANGE IN THE ARTICLES OF INCORPORATION HE
CONSIDERS NECESSARY.

(C)   ENDORSEMENT AND RETURN OF ARTICLES.

(1)    WITHIN SIX MONTHS AFTER THE ARTICLES ARE
FILED FOR EXAMINATION, THE COMMISSIONER SHALL ENDORSE AND
DATE EACH COPY "APPROVED" OR "REFUSED" OVER HIS OFFICIAL
SIGNATURE.

(2)    IF HE REFUSES FORMATION OF THE SAVINGS
INSTITUTION, HE SHALL RETURN ONE ENDORSED COPY OF THE
ARTICLES TO THE INCORPORATORS.

(3)    IF HE APPROVES FORMATION OF THE SAVINGS
INSTITUTION, HE SHALL:

(I)    RETURN TWO ENDORSED COPIES OF THE
ARTICLES TO THE INCORPORATORS; AND

(II)   RETAIN AND RECORD ONE ENDORSED COPY.

(D)   FILING FEES.

THE COMMISSIONER SHALL COLLECT THE FOLLOWING FEES
FOR DOCUMENTS FILED FOR EXAMINATION WITH HIM:

(1)   ARTICLES OF INCORPORATION - $500;

(2)   AMENDMENTS TO ARTICLES OF INCORPORATION -
$20; AND

(3)   NEW BRANCH APPLICATIONS - $50.

REVISOR'S NOTE: This section is new language derived
without substantive change from the second
through the seventh and the tenth sentences of
Art. 11, §39(a).

In the introductory language of subsection (a)