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2024 Maryland Statutes
Financial Institutions
Title 7 - Credit Union Share Insurance
Subtitle 2 - Credit Union Share Guaranty Corporations
Section 7-201 - Definitions
Universal Citation:
MD Financial Institutions Code § 7-201 (2024)
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(a) In this subtitle the following words have the meanings indicated.
(b) Unless the context requires otherwise, “credit union” has the meaning stated in § 6-101(d) of this article.
(c) “Credit union share guaranty corporation” means a corporation that is:
(1) Engaged in the business of providing primary share guaranty insurance for the share and deposit accounts of a credit union; and
(2) Regulated under this subtitle.
(d) “Participating credit union” means a credit union that has applied for and been admitted to participation in a credit union share guaranty corporation and whose participation has not terminated.
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