PARRIS N. GLENDENING, Governor                             Ch. 326

(b) Articles of incorporation and bylaws that are filed for record are not effective
unless the [ Bank] Commissioner has endorsed the articles and bylaws as approved.

6-207.

In addition to the powers set forth elsewhere in this title, a credit union may:

(4) Subject to the rules and regulations of the [ Bank] Commissioner, sell to
its members negotiable checks, including traveler's checks, and money orders;

6-208.

Notwithstanding any other provision of this title, on approval of the [Bank]
Commissioner and the Credit Union Insurance Corporation, a credit union may engage in
any additional credit union activity or provide any related service under the same
conditions that federal law or regulation requires or permits as to federal credit unions.

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 for at least one share;

(iii) Pays any entrance fee;

(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.

6-211.1.

(a)     The provisions of this section do not apply to:

(1)     An action authorized under § 6-215 or § 6-223 of this subtitle;

(2)     A voluntary dissolution under § 6-703 of this title; or

(3)     A vote for which the [ Bank] Commissioner has waived the requirement
for a mail ballot under § 6-701(d), § 6-701.1(e), § 6-702(e), or § 6-704(e) of this title.

6-219.

(b)     Each member of the board of directors, the supervisory committee, and the
credit committee is entitled to the compensation that the members authorize, subject to
the approval of the [ Bank] Commissioner.

6-220.

(a) With the approval of the [ Bank] Commissioner, the board of directors may
call a special meeting of the members of the credit union to act on a report or

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