There is a newer version of the Maryland Code
Maryland Financial Institutions Section 7-223
§ 7-223.
  A credit union share guaranty corporation that is a nonprofit corporation exempt from federal taxation under § 501(c)(6) of the Internal Revenue Code is exempt from all taxes imposed by the State or any of its subdivisions under:
    (1)   Article 24, Title 9 of the Code;
    (2)   Title 6, Subtitle 1 of the Insurance Article;
    (3)   The Tax - General Article; or
    (4)   The Tax - Property Article.
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