HARRY HUGHES, Governor

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(2) Any person who, on or after January 1, 1980,
is an employee and is a member of the retirement system is
entitled to be a member in this pension system, and may
become a member as of that date, or the first day of each
month thereafter [through and including July 1, 1980, or any
subsequent July 1,] by filing with the board of trustees an
executed waiver of all benefits which might inure to him
under the retirement system.

142.

The membership of this pension system shall consist of
the following:

(2) Any person who, on or after January 1, 1980,
is a teacher and is a member of the retirement system shall
be entitled to membership in this pension system, and may
become a member as of that date, or the first day of each
month thereafter [through and including July 1, 1980, or any
subsequent July 1,] by filing with the board of trustees an
executed waiver of all benefits that might inure to him
under the retirement system.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for
the immediate preservation of the public health and safety
and having been passed by a yea and nay vote supported by
three-fifths of all the members elected to each of the two
Houses of the General Assembly, the same shall take effect
from the date of its passage.

Approved April 28, 1981.

CHAPTER 166

(House Bill 489)

AN ACT concerning

Credit Unions - Dividend Rate

FOR the purpose of altering provisions relating to the
dividend rate a credit union may pay; and requiring a
certain notice and report whenever the dividend rate is
changed.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 6-402

Annotated Code of Maryland

(1980 Volume and 1980 Supplement)