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§ 6-611. Loan restrictions

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 6. Credit Unions (Refs & Annos)
Subtitle 6. Loans (Refs & Annos)
MD Code, Financial Institutions, § 6-611
§ 6-611. Loan restrictions
Currentness
A credit union may not make a loan to any person except:
(1) A member of the credit union;
(2) Another credit union; or
(3) A credit union service organization.

Credits

Added as Financial Institutions § 6-511 by Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Renumbered as Financial Institutions § 6-611 by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.
Formerly Art. 11, §§ 152, 161.
MD Code, Financial Institutions, § 6-611, MD FIN INST § 6-611
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