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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 451   View pdf image (33K)
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BANKS AND TRUST COMPANIES 451

An. Code, 1924, sec. 122. 1929, ch. 337, sec. 23.

148. A credit union may change its place of business on written notice
to the Bank Commissioner.

An. Code, 1924, sec. 123. 1929, ch. 337, sec. 24.

149. A credit union shall be deemed an institution for savings and,
together with all accumulations therein, shall not be subject to taxation,
except as to real estate owned. The shares of a credit union shall not be
subject to any stock transfer tax, either when issued by the corporation or
when transferred from one member to another.

An. Code, 1924, sec. 124. 1929, ch. 337, sec. 25.

150. The provisions of Article 11 of the Maryland Code, Sections 63
to 103, inclusive, do not apply to credit unions.1

1 Sec. 26 of acts of 1929 repealed all laws inconsistent therewith.


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 451   View pdf image (33K)
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