Maryland Financial Institutions Section 7-221

Article - Financial Institutions

§ 7-221.

      Nothing in this subtitle creates any liability on the State for the payment of any funds to any participating credit union or other person by reason of:

            (1)      An act or omission of a credit union share guaranty corporation; or

            (2)      A deficiency of a participating credit union in the event a credit union share guaranty corporation is unable to pay the deficiency.



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