Maryland Statutes
Title 7 - Credit Union Share Insurance
Subtitle 1 - Credit Union Insurance Corporation

Part I - Definitions

Section 7-101 - Definitions - (a) In this subtitle the following words have the meanings...

Part II - Establishment; Powers; Membership

Section 7-102 - Corporation Established - (a) There is a Credit Union Insurance Corporation, established as...

Section 7-103 - Purposes of Corporation - The purposes of the Corporation are to: (1) Insure and...

Section 7-104 - General Powers and Duties - (a) The Corporation exercises its powers and performs its duties...

Section 7-105 - Insurance of Share and Deposit Accounts - (a) The Corporation shall insure and guarantee the share and...

Section 7-106 - Membership -- Applications - (a) (1) Subject to the provisions of Part III of...

Section 7-107 - Membership -- Qualifications; Term; Termination; Duties - (a) (1) A credit union becomes a member of the...

Section 7-108 - Membership -- Voting by Members - (a) In the election of directors and in voting on...

Section 7-109 - Board of Directors - (a) The powers of the Corporation shall be exercised by...

Section 7-110 - Officers and Staff - (a) (1) The Board of Directors of the Corporation: (i)...

Section 7-111 - Bylaws, Rules, and Regulations - (a) The Board of Directors of the Corporation shall adopt...

Section 7-112 - Independent Audits of Members - The Corporation may require independent audits and investigations of any...

Section 7-113 - Cooperation and Exchange of Information - (a) This section applies notwithstanding any other provisions of law....

Section 7-114 - Earnings to Be Accumulated - The net earnings of the Corporation shall be accumulated and...

Section 7-115 - Application of State Insurance Laws - The Corporation, its members, and persons who have share and...

Section 7-116 - Exemption From Taxation - The Corporation is exempt from all taxes imposed by this...

Section 7-117 - State's Credit Not Pledged - This title does not, and the Corporation may not, pledge...

Part III - Phase-Out; Dissolution

Section 7-118 - End of Authority to Accept Applications; Notice - (a) The Corporation may not accept an application from a...

Section 7-119 - Primary Share Guaranty Insurance - (a) A credit union that is a member of the...

Section 7-120 - Dissolution of Corporation - (a) (1) In this section, “assets” means: (i) All net...

Section 7-121 - Providing Required Information - The Commissioner may require the Corporation to provide any information...