There is a newer version of the Maryland Code
Maryland Financial Institutions Section 6-704
§ 6-704.
  (a)   A credit union shall maintain an allowance for loan and lease loss account in accordance with generally accepted accounting principles.
  (b)   The balance of the allowance for loan and lease loss account shall include coverage for:
    (1)   Individually classified loans; and
    (2)   The historical reserve needs of the credit union.
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