Maryland Code, FINANCIAL INSTITUTIONS 7-222
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 7-222
- 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 credit union share guaranty corporation, its participating credit unions, and persons who have share or deposit accounts in the participating credit unions are not subject to the provisions of the Insurance Article as a result of any of the activities of the credit union share guaranty corporation under this subtitle.