Md. Code, Financial Institutions § 3-802
Md. Code, Financial Institutions § 3-802
in effect(a) Any commercial bank may convert into a national banking association as provided by federal law.
(b) When a commercial bank applies to the Comptroller of the Currency for conversion into a national banking association, it shall file with the Commissioner a written notice of its intent to convert.
(c) When the Comptroller of the Currency issues a certificate of authority to do business as a national banking association, the charter of the commercial bank terminates and the new national banking association shall:
(1) Take all property of the commercial bank, subject to all of its liabilities that exist at the time of conversion;
(2) Notify the Commissioner of the conversion and the taking of property; and
(3) File with the Commissioner a copy of the certificate of authority issued by the Comptroller of the Currency.
(d) The Commissioner shall file a copy of the certificate of authority with the State Department of Assessments and Taxation.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=3-802&enactments=falseFetched: 10/17/2026