Home Table of Contents

§ 6-312. Specific powers

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 6. Credit Unions (Refs & Annos)
Subtitle 3. Formation, Organization, and Powers (Refs & Annos)
Part II. Powers of a Credit Union
MD Code, Financial Institutions, § 6-312
§ 6-312. Specific powers
Currentness
In addition to the powers set forth elsewhere in this title, a credit union may:
(1) Receive the shares and deposits of its members;
(2) Lend money to its members;
(3) Invest funds as provided in this title; and
(4) Undertake other activities that:
(i) Are consistent with this title;
(ii) Relate to its purposes; and
(iii) Are authorized by its bylaws.

Credits

Added as Financial Institutions § 6-207 by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996. Renumbered as Financial Institutions § 6-312 and amended by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.
MD Code, Financial Institutions, § 6-312, MD FIN INST § 6-312
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document