{"data":{"id":"us-md/md.-code-financial-institutions-9-628","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 9–628","heading":"","body":"A savings and loan association may effect a statutory merger into any other savings and loan association, any savings bank, or any out-of-state association as defined in § 9-1001(i) of this title if the plan of statutory merger:\n(1) Complies with Title 3 of the Corporations and Associations Article;\n(2) Is approved by:\n(i) The board of directors of both the successor and the transferor;\n(ii) The shareholders or members of a transferor association; and\n(iii) The Division Director; and\n(3) The out-of-state association complies with § 9-1004 of this title.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=9-628","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"f17084ae6b486646486e04abd51757411a76e7829c09e0cfc1c544f88be7852e","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-9-627","next":"us-md/md.-code-financial-institutions-9-629"},"notice":"GroundRules: Original legal text. Not legal advice."}