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905
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HARRY HUGHES, Governor
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(2) To prepare the annual Directory of Grain Buyers,
as required by § 13-205 of this subtitle.
(b) [(1)] Any money received from licensing fees in excess
of the amount needed to perform the responsibilities set forth in
subsection (a) of this section shall be placed [in the Grain
Indemnification Fund.
(2) However, if no Grain Indemnification Fund has
been established, the excess shall be placed] in the General Fund
of this State.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 10, 1983.
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CHAPTER 231
(House Bill 652)
AN ACT concerning
Credit Unions
FOR the purpose of altering the requirements for membership
approval of conversion of a foreign credit union into a
State credit union; and providing generally for credit union
conversion.
BY repealing and reenacting, with amendments,
Article - Financial Institutions
Section 6-701.1
Annotated Code of Maryland
(1980 Volume and 1982 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Financial Institutions
6-701.1.
(a) Any credit union organized under the laws of any other
state or of the United States may convert to a State credit union
as provided in this section.
(b) A credit union proposing to convert shall meet:
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