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§ 7-211. Expenses relating to assessment

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, § 7-211
§ 7-211. Expenses relating to assessment
Currentness
In general
(a) A credit union share guaranty corporation shall pay all reasonable expenses for transportation, lodging, and meals associated with:
(1) An examination required or permitted under § 7-210 of this subtitle; and
(2) Any other examination or investigation conducted under this article that results in the discovery of a violation of this subtitle by the credit union share guaranty corporation.
Payment of annual assessment
(b)(1) A credit union share guaranty corporation shall pay an annual assessment of $5,000.
(2) A credit union share guaranty corporation shall pay the assessment imposed under paragraph (1) of this subsection to the Commissioner on or before February 15 after the assessment is imposed.

Credits

Added by Acts 2002, c. 540, § 1, eff. July 1, 2002.
MD Code, Financial Institutions, § 7-211, MD FIN INST § 7-211
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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