Md. Code Ann., Fin. Inst. § 7-105
Insurance and guarantees for member accounts
Effective Jul 1, 2002Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 778; Acts 2002, c. 540, § 1, eff. July 1, 2002.State of Maryland
- (a) The Corporation shall insure and guarantee the share and deposit accounts of each member on the same basis, and to the same extent and amount as provided by the National Credit Union Administration Share Insurance Program.
- (b) The Corporation may make contracts for reinsurance.
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 778; Acts 2002, c. 540, § 1, eff. July 1, 2002.
Formerly Art. 23, §§ 452, 457.