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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 7-116 - Exemption From Taxation

    Maryland Statutes
    Part II - Establishment; Powers; Membership
    Section 7-116 - Exemption From Taxation

    The Corporation is exempt from all taxes imposed by this State or any of its political subdivisions under §§ 20–101, 20–104, 20–108, 20–113 through 20–127, 20–601, 20–603 through 20–609, 20–805, and 20–806, and Title 20, Subtitles 3 through 5 of the Local Government Article, Title 6, Subtitle 1 of the Insurance Article, the Tax – General Article, or the Tax – Property Article.

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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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