Maryland Financial Institutions Section 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.