Maryland Statutes
Subtitle 2 - Credit Union Share Guaranty Corporations
Section 7-223 - Nonprofit Corporations

A credit union share guaranty corporation that is a nonprofit corporation exempt from federal taxation under § 501(c)(6) of the Internal Revenue Code is exempt from all taxes imposed by the State or any of its subdivisions under:
        (1)    §§ 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;
        (2)    Title 6, Subtitle 1 of the Insurance Article;
        (3)    The Tax – General Article; or
        (4)    The Tax – Property Article.

Structure Maryland Statutes