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Ch. 540 2002 LAWS OF MARYLAND
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(1) Lend money to any credit union;
(2) Guarantee, endorse, or act as surety on the obligations of or
otherwise assist financially any credit union; and
(3) Establish and regulate the terms and conditions of any charges for
any loans or financial assistance to credit unions.
(e) (1) The Corporation may buy, lease, or otherwise acquire and sell,
mortgage, lease, or otherwise dispose of real or personal property on the terms that its
Board of Directors considers advisable.
(2) The Corporation may acquire any real or personal property in
satisfaction of debts or enforcement of obligations and may dispose of that property.
(D The Corporation may:
(1) Assist in the merger, stabilization, consolidation, or liquidation of
credit unions; and
(2) Take possession of and operate the business and assets of any credit
union if ordered to do so by the Commissioner under § 6-905 of this article.
(g) The Corporation may become a member of the National Association of
Share Insurance Corporations or any comparable organization.
(h) The Corporation may invest any of its funds in:
(1) Cash or deposits in checking or savings accounts with or certificates
of deposit of:
(i) Any bank that is a member of the Federal Deposit Insurance
Corporation; and
(ii) Any savings and loan association [that is a member of the
Federal Savings and Loan Insurance Corporation, the State of Maryland Deposit
Insurance Fund Corporation, or a similar insurance program] WHOSE DEPOSITS ARE
INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION;
(2) Cash or deposits in share or deposit accounts with or certificates of
deposit or notes of any credit union that is a member of the Corporation, the National
Credit Union Administration Share Insurance Program, or a similar insurance
program;
(3) Obligations of:
(i) The United States or any state or any political subdivision of
any state;
(ii) Any commission, instrumentality, agency, or authority of the
United States or any state; and
(iii) Any corporation that is incorporated under the laws of the
United States or of any state;
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