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2021 Maryland Statutes
Financial Institutions
Title 7 - Credit Union Share Insurance
Subtitle 2 - Credit Union Share Guaranty Corporations
Section 7-215 - Notice to Commissioner

Universal Citation:
MD Financial Institutions Code Ann. § 7-215 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    A credit union share guaranty corporation shall provide written notice to the Commissioner of:

        (1)    The receipt from a credit union of an application for participation in the credit union share guaranty corporation;

        (2)    The credit union share guaranty corporation’s underwriting decision regarding the application for participation; and

        (3)    The voluntary or involuntary termination of the participation of a credit union in the credit union share guaranty corporation.

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