Maryland Code, FINANCIAL INSTITUTIONS 7-223
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 7-223
- 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
A credit union share guaranty corporation that is a nonprofit corporation exempt from federal taxation under § 501(c)(6) of the Internal Revenue Code is exempt from all taxes imposed by the State or any of its subdivisions under:
(1) §§ 20-101, 20-104, 20-108, 20-113 through 20-127, 20-601, 20-603 through 20-609, 20-805, and 20-806, and Title 20, Subtitles 3 through 5 of the Local Government Article;
(2) Title 6, Subtitle 1 of the Insurance Article;
(3) The Tax – General Article; or
(4) The Tax – Property Article.