Maryland Code, FINANCIAL INSTITUTIONS 7-118
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 7-118
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) The Corporation may not accept an application from a credit union for new membership on or after the date that the Commissioner issues the first certificate of authority under § 7-203 of this title.
(b) The Commissioner shall notify the Corporation of the date that the Commissioner issues the first certificate of authority under § 7-203 of this title.