PARRIS N. GLENDENING, Governor                             Ch. 326

(e)     (1) Except as provided in subsection (f) of this section, the [Bank]
Commissioner shall publish a notice of the filing of the agreement.

(2) The" notice shall be published in the Maryland Register as provided in
the State Documents Law.

(f)     Subject to confirmation by the Secretary of Labor, Licensing, and Regulation,
the [ Bank] Commissioner may approve an agreement without the notice in the Maryland
Register if:

(1)     The financial condition or stability of one of the parties to the proposed
transaction is such that a delay of the proposed transaction will cause an economic
hardship to it; and

(2)     Approval of the agreement is in the public interest.
4-702.

(c)     (1) After a proposed dissolution is approved, the board of directors of the
savings bank shall give the following notices.

(2)     The board shall give written notice to the [Bank] Commissioner of the
impending dissolution. This notice shall be certified under the corporate seal of the
savings bank by its president and by its treasurer.

(3)     The board also shall give notice to creditors of the savings bank to
present for payment any claim against it. This notice shall be published once each week
for 8 consecutive weeks in a newspaper published in the county where the savings bank
has its principal banking office.

(d)     After publication of the required notice to creditors, the directors of a savings
bank shall execute and file with the [Bank] Commissioner a statement that the savings
bank is dissolved.

4-802.

(a) (1) Notwithstanding any other provision of law, any savings bank may be
reorganized in order to become a mutual holding company by submitting to the [ Bank]
Commissioner OF FINANCIAL REGULATION an application for approval of
reorganization.

(2) A reorganization submitted for approval shall have been approved by
the savings bank under the procedures described in § 4-701 (c) of this title.

(e)     (1) Except as provided in subsection (f) of this section, the [Bank]
Commissioner shall publish a notice of filing of the application for approval of the plan of
reorganization.

(2) The notice of filing of application shall be published in the Maryland
Register as provided in the State Documents Laws.

(f)     Subject to confirmation by the Secretary of Labor, Licensing, and Regulation,
the [Bank] Commissioner may approve an application without publication of the notice
of filing of application in the Maryland Register if:

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