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§ 6-405. Independent audits

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, § 6-405
§ 6-405. Independent audits
Currentness
In general
(a) If the Commissioner finds that the supervisory committee of a credit union is not performing its duties properly, the Commissioner may require the credit union to have a certified public accountant audit the credit union for any period of time that the Commissioner considers necessary.
Audit made at expense of credit union
(b) The audit required under subsection (a) of this section shall be made at the expense of the credit union.

Credits

Added as Financial Institutions § 6-305 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 § 6-405 by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.
Formerly Art. 11, § 147A.
MD Code, Financial Institutions, § 6-405, MD FIN INST § 6-405
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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