Nothing in this subtitle creates any liability on the State for the payment of any funds to any participating credit union or other person by reason of:
(1) An act or omission of a credit union share guaranty corporation; or
(2) A deficiency of a participating credit union in the event a credit union share guaranty corporation is unable to pay the deficiency.
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