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§ 6-404. Reporting requirements

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, § 6-404
§ 6-404. Reporting requirements
Currentness
Reports to Commissioner
(a) On or before March 31 of each year, each credit union shall report to the Commissioner on the business of the credit union during the preceding calendar year.
Other reports required by Commissioner
(b) The Commissioner may require any other reports from a credit union that the Commissioner considers necessary.
Form and acknowledgments of report
(c) Each report made under this section shall be:
(1) On the form that the Commissioner provides; and
(2) Signed and acknowledged by:
(i) A majority of the members of the supervisory committee; and
(ii) The president, vice-president, secretary, or treasurer of the credit union.
Failure to make report
(d) If a credit union fails to make any report as required by this title, the credit union shall pay to the Commissioner $50 for each day that the report is overdue.

Credits

Added as Financial Institutions § 6-304 by Added 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 § 6-404 and amended by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.
Formerly Art. 11, § 141.
MD Code, Financial Institutions, § 6-404, MD FIN INST § 6-404
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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