ROBERT L. EHRLICH, JR., Governor

Ch. 21

7-210.

(a) (2) The Commissioner may enter into agreements with [third-parties]
THIRD PARTIES and delegate the authority to conduct an examination required or
permitted under this subsection.

DRAFTER'S NOTE:

Error: Extraneous hyphen in § 7-210(a)(2) of the Financial Institutions
Article.

Occurred: Ch. 540, Acts of 2002.
.7-216.

(f) (1) If a participating credit union fails to pay an annual capital
contribution, premium, fee, or assessment when due, the credit union share guaranty
corporation:

(ii) After 30 [days] DAYS' notice, may revoke the participating
credit union's participation in the credit union share guaranty corporation, unless
good cause is shown for the failure.

DRAFTER'S NOTE:

Error: Grammatical error in § 7-216(f)(1)(ii) of the Financial Institutions
Article.

Occurred: Ch. 540, Acts of 2002.

12-401.

(o) "Permissible investment" means:

(3) Unless found by the Commissioner to be unacceptable:

(iii) Any demand borrowing agreement or agreements in an amount
or aggregate amount which does not exceed 10% of the net worth of the company
liable for payment under the agreement or agreements as shown on financial
statements certified by a certified public accountant acceptable to the Commissioner,
provided that the company is a corporation or a subsidiary of a corporation whose
capital stock is listed on a national exchange and is not a licensee or authorized
delegate of a licensee under this subtitle[.];

DRAFTER'S NOTE:

Error: Extraneous period in § 12-401(o)(3)(iii) of the Financial
Institutions Article.

Occurred: Ch. 539, Acts of 2002. Correction by the publisher of the
Annotated Code in the 2002 Supplement of the Financial Institutions
Article is ratified by this Act.

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