1828

LAWS OF MARYLAND

[Ch. 311

(2)    THE DIVISION DIRECTOR SHALL PUBLISH
NOTICE OF THE FILING OF THE PLAN AS PROVIDED IN THE STATE
DOCUMENTS LAM.

(3)    IF THE DIVISION DIRECTOR APPROVES THE
PLAN, HE SHALL CERTIFY EACH DOCUMENT REQUIRED TO BE FILED
UNDER THIS ARTICLE WITH THE DEPARTMENT OF ASSESSMENTS AND
TAXATION.

REVISOR'S NOTE: This subsection is new language
derived without substantive change from the
last three sentences of Art. 23, §161U(a).

Subsection (a)(2) of this section is revised
to cite the State Documents Law, enacted as
Art. 11, §§256B et seq., which supersedes the
publication provisions of present §161U.

The terms "division director" and "savings and
loan association" are defined in §6—201 of
this subtitle.

The terms "successor" and "transfer of assets"
are defined in Title 1 of this article.

(B) APPEAL.

ANY APPLICANT OR PROTESTING SAVINGS AND LOAN
ASSOCIATION AGGRIEVED BY THE ACTION OR NONACTION OF THE
DIVISION DIRECTOR MAY APPEAL IN ACCORDANCE WITH THE
PROVISIONS OF ARTICLE 23, §161H OF THE CODE.

REVISOR'S NOTE: This subsection is new language
derived without substantive change from Art.
23, §161U(c).

The terms "division director" and "savings and
loan association" are defined in §6-201 of
this subtitle.

6-228. CONVERSION INTO FEDERAL SAVINGS AND LOAN
ASSOCIATION.

(A)       GENERAL RULE.

ANY SAVINGS AND LOAN ASSOCIATION WHICH IS ELIGIBLE
TO BECOME A MEMBER OF THE FEDERAL HOME LOAN BANK SYSTEM
MAY CONVERT INTO A FEDERAL SAVINGS AND LOAN ASSOCIATION
AS PROVIDED IN THE HOME OWNERS' LOAN ACT OF 193 3.

(B)   SHAREHOLDER APPROVAL.

AT A MEETING OF THE SHAREHOLDERS CALLED AS

PROVIDED