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§ 6-403. Duties of examiner

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 6. Credit Unions (Refs & Annos)
Subtitle 4. Examinations and Reports (Refs & Annos)
MD Code, Financial Institutions, § 6-403
§ 6-403. Duties of examiner
Currentness
Examiner defined
(a) In this section, “examiner” means:
(1) The Commissioner; and
(2) An individual whom the Commissioner designates as examiner.
Visits to credit unions and examination of business
(b) An examiner shall visit each credit union and examine its business:
(1) At least once during each calendar year, unless the Commissioner determines that, during a calendar year, an examination is unnecessary, in which event an examination shall occur no less frequently than once every 18 months;
(2) When requested by the board or supervisory committee of the credit union; and
(3) At any other time that the Commissioner considers necessary.

Credits

Added as Financial Institutions § 6-303 by Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 1997, c. 585, § 1, eff. Oct. 1, 1997. Renumbered as Financial Institutions § 6-403 and amended by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.
Formerly Art. 11, §§ 20, 141, 142.
MD Code, Financial Institutions, § 6-403, MD FIN INST § 6-403
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.
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