Maryland Credit Union Act

Maryland · FI · §§ 6-101 to 6-908 · 90 sections

Overview

The act governs the chartering, regulation, and internal governance of credit unions — member-owned cooperative financial institutions organized under state law. It establishes how a credit union is formed, running from the application and articles of incorporation through investigation and approval by the state regulator, with an appeal to a supervisory commission, and it sets conditions for commencing business, amending governing documents, maintaining offices, and admitting credit unions chartered elsewhere. It further defines who may become a member and how members vote, prescribes the election, qualification, compensation, bonding, and indemnification of directors and officers along with conflict-of-interest limits, and imposes ongoing reporting, audit, capital, and reserve requirements.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Md. Code Ann., Fin. Inst. § 6-101Title 6 › Subtitle 1
Md. Code Ann., Fin. Inst. § 6-201Title 6 › Subtitle 2
Md. Code Ann., Fin. Inst. § 6-202Title 6 › Subtitle 2
Md. Code Ann., Fin. Inst. § 6-203Title 6 › Subtitle 2
Md. Code Ann., Fin. Inst. § 6-204Title 6 › Subtitle 2
Md. Code Ann., Fin. Inst. § 6-205Title 6 › Subtitle 2
Md. Code Ann., Fin. Inst. § 6-206Title 6 › Subtitle 2
Md. Code Ann., Fin. Inst. § 6-301Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-302Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-303Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-304Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-305Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-306Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-307Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-308Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-309Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-312Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-313Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-314Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-317Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-318Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-319Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-320Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-321Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-324Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-325Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-326Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-327Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-328Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-329Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-330Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-331Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-332Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-333Title 6 › Subtitle 3
Md. Code Ann., Fin. Inst. § 6-401Title 6 › Subtitle 4
Md. Code Ann., Fin. Inst. § 6-402Title 6 › Subtitle 4
Md. Code Ann., Fin. Inst. § 6-403Title 6 › Subtitle 4
Md. Code Ann., Fin. Inst. § 6-404Title 6 › Subtitle 4
Md. Code Ann., Fin. Inst. § 6-405Title 6 › Subtitle 4
Md. Code Ann., Fin. Inst. § 6-406Title 6 › Subtitle 4
Md. Code Ann., Fin. Inst. § 6-407Title 6 › Subtitle 4
Md. Code Ann., Fin. Inst. § 6-501Title 6 › Subtitle 5
Md. Code Ann., Fin. Inst. § 6-502Title 6 › Subtitle 5
Md. Code Ann., Fin. Inst. § 6-503Title 6 › Subtitle 5
Md. Code Ann., Fin. Inst. § 6-601Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-602Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-603Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-604Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-605Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-606Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-606.1Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-607Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-608Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-609Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-610Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-611Title 6 › Subtitle 6
Md. Code Ann., Fin. Inst. § 6-701Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-702Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-703Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-704Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-705Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-706Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-707Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-708Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-709Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-710Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-711Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-712Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-713Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-714Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-715Title 6 › Subtitle 7
Md. Code Ann., Fin. Inst. § 6-801Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-802Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-803Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-804Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-805Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-806Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-807Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-808Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-809Title 6 › Subtitle 8
Md. Code Ann., Fin. Inst. § 6-901Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-902Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-903Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-904Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-905Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-906Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-906.1Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-906.2Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-907Title 6 › Subtitle 9
Md. Code Ann., Fin. Inst. § 6-908Title 6 › Subtitle 9

Enacted in other states

Connecticut, Florida, Iowa, Idaho, Illinois, Montana, Nebraska, New Hampshire, New Mexico, Oregon, South Carolina, Texas

All Maryland named statutes →

Download

Copy

Embed on your site

Hover to preview · click to copy the code

Search Wikipedia →