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Session Laws, 1975
Volume 716, Page 1830   View pdf image
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1830

LAWS OF MARYLAND

[Ch. 311

EVERY SAVINGS AND LOAN ASSOCIATION HAS THE POWERS UNDER
AND IS SUBJECT TO THE PROVISIONS OF THIS ARTICLE AND
ARTICLE 23 OF THE CODE.

REVISOR'S NOTE: This section is new language added
as a cross—reference to the provisions of Art.
23 of the Code which are retained there for
eventual allocation to the Business Regulation
Article and the present Art. 23 provisions now
contained in other titles of this article.

SUBTITLE 3. CREDIT UNIONS.

6-301. DEFINITIONS.

(A)   IN GENERAL.

IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

REVISOR'S NOTE: This subsection is the standard
introductory language used in a definition
section.

(B)   COMMISSIONER.

"COMMISSIONER" MEANS TBS BANK COMMISSIONER FOR THE
STATE,

REVISOR'S NOTE: This subsection is new language
added to avoid unnecessary repetition of the
defined tern.

(C)   ORGANIZATION.

"ORGANIZATION" INCLUDES ANY TRADE, PROFESSION, CLUB,
UNION, CHURCH CONGREGATION OR PARISH, SOCIETY,
ASSOCIATION, AND FRATERNAL OR COOPERATIVE ORGANIZATION.

REVISOR'S NOTE: This subsection is new language
derived without substantive change from the
first sentence of Art. 11, §135. It is placed
here to avoid unnecessary repetition of the

defined terns.

(D)   RURAL COMMUNITY.

"RURAL COMMUNITY" MEANS ANY WELL-DEFINED RURAL
COMMUNITY WITH A POPULATION OF LESS THAN 2,000
INDIVIDUALS.

REVISOR'S NOTE: This subsection is derived without
substantive change from the first sentence of

Art. 11, §135. It is placed here to avoid

 

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