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Session Laws, 1988
Volume 770, Page 4233   View pdf image
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WILLIAM DONALD SCHAEFER, Governor Ch. 635

(2)  The Federal Savings and Loan Insurance
Corporation;

(3)  The Federal Home Loan Bank Board;

(4)  The National Credit Union Administration;

(5)  The Federal Reserve Board;

(6)  The United States Comptroller of the Currency;

(7)  The State of Maryland Deposit Insurance Fund
Corporation;

(8)  The [Maryland] Credit Union Insurance
Corporation;

(9)  The Bank Commissioner;

(10)  The Division of Savings and Loan Associations;
or

(11)  The Commissioner of Consumer Credit.
6-210.

The members of a credit union are:

(1)  Each incorporator; and

(2)  Each other person who:

(i) Is elected to membership;

(ii) Subscribes to and pays in whole or part
for at least one share;

(iii) Pays in whole or part any entrance fee;
[and]

(iv) SHARES WITH ALL OTHER MEMBERS OF THE
CREDIT UNION ONE OF THE COMMON BONDS APPROVED BY THE BANK
COMMISSIONER AND SET OUT UNDER THE BYLAWS; AND

(V) Meets all of the other requirements of the
bylaws.

6-214.

The board of directors shall:

(1) Meet as often as necessary;

- 4233 -

 

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Session Laws, 1988
Volume 770, Page 4233   View pdf image
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