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§ 10-111. Member associations

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 10. State of Maryland Deposit Insurance Fund Corporation (Refs & Annos)
MD Code, Financial Institutions, § 10-111
§ 10-111. Member associations
Currentness
Application to Fund Director
(a)(1) Any association or the incorporators of a proposed association may apply to the Fund Director to become a member association.
(2) The Fund Director shall refer each application received to the Division Director for certification of insurability.
Certification by Division Director
(b) If the Division Director approves the financial affairs, solvency, management, and board of directors of an association or proposed association for insurance of savings accounts, the Division Director shall so certify to the Fund Director.

Credits

Added by Acts 1985, 1st Sp. Sess., c. 6, § 3, eff. May 18, 1985.
MD Code, Financial Institutions, § 10-111, MD FIN INST § 10-111
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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