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2024 Maryland Statutes
Financial Institutions
Title 7 - Credit Union Share Insurance
Subtitle 2 - Credit Union Share Guaranty Corporations
Section 7-204 - Insuring Share and Deposit Accounts
Universal Citation:
MD Financial Institutions Code § 7-204 (2024)
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(a) A credit union share guaranty corporation shall insure and guarantee the share and deposit accounts of each participating credit union to at least the same extent and amount as provided by the National Credit Union Administration Share Insurance Program.
(b) A credit union share guaranty corporation may make contracts for reinsurance.
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