There Is a Newer Version
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2021 Maryland Statutes
Financial Institutions
Title 7 - Credit Union Share Insurance
Subtitle 2 - Credit Union Share Guaranty Corporations
Section 7-221 - State Not Liable for Payment of Funds
Universal Citation:
MD Financial Institutions Code Ann. § 7-221 (2021)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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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