HARRY HUGHES, Governor

3103

ON RECEIPT OF THE MINUTES AND CHARTER AMENDMENTS UNDER
SUBSECTION (A) OF THIS SECTION, THE DIVISION DIRECTOR SHALL:

(1)  ENDORSE THE EXECUTED COPY OF THE CHARTER
AMENDMENTS AS APPROVED; AND

(2)  SEND TO THE CONVERTING ASSOCIATION:

(I)  THE ENDORSED COPY; AND

(II)  A FINAL ORDER OF APPROVAL OF THE
CONVERSION TO A CAPITAL STOCK ASSOCIATION.

COMMITTEE COMMENT: This section replaces former CA §
6-217(e) and the fourth sentence of (d)(2).

In subsection (a)(2) of this section, the
references to an "executed" copy and a
"conformed" copy were added to comply with the
procedure for amending the charter.

Subsection (b)(1) and (2)(i) of this section is
new language added for clarity.

In subsection (b)(2)(ii) of this section, "final
order of approval" was substituted for "letter of
formal approval" in keeping with administrative
procedure.

"Division Director" and "capital stock
association" are defined in § 9-101 of this
title.

9-609. APPEAL.

ANY APPLICANT AGGRIEVED BY THE ACTION OR NONACTION OF
THE DIVISION DIRECTOR UNDER §§ 9-605 OR 9-608 OF THIS
SUBTITLE MAY APPEAL IN ACCORDANCE WITH TITLE 8, SUBTITLE 4
OF THIS ARTICLE.

COMMITTEE COMMENT: This section replaces former CA §
6-217(g).

The only changes are in style.

"Division Director" is defined in § 9-101 of this
title.

9-610. CONVERSION EFFECTIVE.

(A) FILING.

AFTER THE FINAL ORDER    OF APPROVAL, THE BOARD OF

DIRECTORS OF THE CONVERTING    ASSOCIATION SHALL FILE THE

ENDORSED CHARTER AMENDMENTS     WITH THE STATE DEPARTMENT OF
ASSESSMENTS AND TAXATION.