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§ 7-201. Definitions

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 7. Credit Union Share Insurance
Subtitle 2. Credit Union Share Guaranty Corporations (Refs & Annos)
MD Code, Financial Institutions, § 7-201
§ 7-201. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Credit union
(b) Unless the context requires otherwise, “credit union” has the meaning stated in § 6-101(d) of this article.
Credit union share guaranty corporation
(c) “Credit union share guaranty corporation” means a corporation that is:
(1) Engaged in the business of providing primary share guaranty insurance for the share and deposit accounts of a credit union; and
(2) Regulated under this subtitle.
Participating credit union
(d) “Participating credit union” means a credit union that has applied for and been admitted to participation in a credit union share guaranty corporation and whose participation has not terminated.

Credits

Added by Acts 2002, c. 540, § 1, eff. July 1, 2002.
MD Code, Financial Institutions, § 7-201, MD FIN INST § 7-201
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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