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    • Legislation USA
    • Maryland Statutes
    • Financial Institutions
    • Title 7 - Credit Union Share Insurance
    • Subtitle 1 - Credit Union Insurance Corporation
    • Part II - Establishment; Powers; Membership
    • Section 7-112 - Independent Audits of Members

    Maryland Statutes
    Part II - Establishment; Powers; Membership
    Section 7-112 - Independent Audits of Members

    The Corporation may require independent audits and investigations of any member to determine the member’s financial condition as it relates to insurance of share and deposit accounts. These audits and investigations shall be made at the expense of the credit union.

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    Structure Maryland Statutes

    Maryland Statutes

    Financial Institutions

    Title 7 - Credit Union Share Insurance

    Subtitle 1 - Credit Union Insurance Corporation

    Part II - Establishment; Powers; Membership

    Section 7-102 - Corporation Established

    Section 7-103 - Purposes of Corporation

    Section 7-104 - General Powers and Duties

    Section 7-105 - Insurance of Share and Deposit Accounts

    Section 7-106 - Membership -- Applications

    Section 7-107 - Membership -- Qualifications; Term; Termination; Duties

    Section 7-108 - Membership -- Voting by Members

    Section 7-109 - Board of Directors

    Section 7-110 - Officers and Staff

    Section 7-111 - Bylaws, Rules, and Regulations

    Section 7-112 - Independent Audits of Members

    Section 7-113 - Cooperation and Exchange of Information

    Section 7-114 - Earnings to Be Accumulated

    Section 7-115 - Application of State Insurance Laws

    Section 7-116 - Exemption From Taxation

    Section 7-117 - State's Credit Not Pledged

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