3294                                          LAWS OF MARYLAND                                      Ch. 835

(3) IF A DEPOSIT OR SHARE ACCOUNT IS OPENED BY AND IN
THE NAME OF A MINOR:

(I)  THE CREDIT UNION SHALL HOLD THE MONEY FOR
THE EXCLUSIVE BENEFIT OF THE MINOR OR THAT MINOR'S CREDITORS;

(II)  THE MINOR MAY WITHDRAW MONEY FROM THE
ACCOUNT; AND

(III)  A RECEIPT SIGNED BY THE MINOR DISCHARGES
THE CREDIT UNION FOR THE AMOUNT OF THE WITHDRAWAL.

(d) The credit union has a lien on the shares AND DEPOSITS
of a member, including any dividends OR INTEREST payable on those
shares OR DEPOSITS, to the extent of:

(1)  Any outstanding loan, whether or not matured, on
which the member is liable to the credit union as maker, comaker,
surety, or endorser; and

(2)  Any dues, CHARGES, FEES, or fines payable by the
member.

(f) If authorized by the bylaws, a credit union may charge
an entrance fee and a transfer fee[, not exceeding 25 cents
each].

(H) IF A SHARE OR DEPOSIT ACCOUNT IS OPENED IN THE NAME OF
2 OR MORE MEMBERS AND IS MADE PAYABLE TO ANY ONE OF THEM:

(1)  THE MONEY IN THE ACCOUNT MAY BE WITHDRAWN BY ONE
MEMBER NAMED IN THE ACCOUNT REGARDLESS OF THE DEATH OF ONE OR
MORE OF THE MEMBERS NAMED IN THE ACCOUNT; AND

(2)  A RECEIPT SIGNED BY ONE OR MORE MEMBERS NAMED IN
THE ACCOUNT WHO WITHDRAWS MONEY DISCHARGES THE CREDIT UNION FOR
THE AMOUNT WITHDRAWN.

6-307.1.

(A) THE BANK COMMISSIONER SHALL ORDER ANY CREDIT UNION TO
CEASE AND DESIST FROM:

(1) AN UNSAFE OR UNSOUND BANKING PRACTICE;

(2) A PRACTICE THAT IS INJURIOUS TO THE PUBLIC
INTEREST; OR

(3) A VIOLATION OF LAWS OR RULES OR REGULATIONS THAT
RELATE TO THE BANK COMMISSIONER'S SUPERVISION OF THE CREDIT
UNION.

(B) TO PROTECT DEPOSITORS OR SHAREHOLDERS, THE BANK
COMMISSIONER MAY INCLUDE IN A CEASE AND DESIST ORDER A
RESTRICTION ON THE WITHDRAWAL OF MONEY FROM ANY CREDIT UNION.