(a) A credit union share guaranty corporation shall have a written contract with each participating credit union that clearly establishes the rights and obligations of the parties.
(b) At least 30 days before the effective date of any material amendment to the standard written contract that is submitted under § 7-206(b) of this subtitle, the credit union share guaranty corporation shall file the amendment with the Commissioner.
Structure Maryland Statutes
Title 7 - Credit Union Share Insurance
Subtitle 2 - Credit Union Share Guaranty Corporations
Section 7-203 - Certificate of Authority Required
Section 7-204 - Insuring Share and Deposit Accounts
Section 7-205 - Certificate of Authority -- Qualifications; Limitations
Section 7-206 - Certificate of Authority -- Applications
Section 7-207 - Certificate of Authority -- Approval
Section 7-208 - Certificate of Authority -- Denial; Request for Hearing
Section 7-209 - Certificate of Authority -- Suspension or Revocation
Section 7-210 - Examinations and Investigations
Section 7-211 - Payment of Expenses; Assessments
Section 7-213 - Exchange of Information
Section 7-214 - Contracts With Participating Credit Unions
Section 7-215 - Notice to Commissioner
Section 7-217 - Reserves for Guaranty Losses
Section 7-218 - Liquidation and Receivership
Section 7-219 - Termination of Participation
Section 7-220 - Violations; Penalty
Section 7-221 - State Not Liable for Payment of Funds
Section 7-222 - Insurance Article Not Applicable