Maryland Financial Institutions Section 6-806

      With the approval of the Commissioner, a credit union may purchase the assets or assume the liabilities of another credit union whether or not the credit unions have the same field of membership type, if:

            (1)      The other credit union is insolvent or likely to become insolvent;

            (2)      The purchase or assumption is in the best interest of the membership of the other credit union; and

            (3)      The purchase or assumption will not adversely affect the financial condition of the credit union that makes the purchase or assumption.