Section 7-201 - Definitions. - Maryland Statutes

§ 7-201. Definitions.
 

(a)  In general.- In this subtitle the following words have the meanings indicated. 

(b)  Credit union.- Unless the context requires otherwise, "credit union" has the meaning stated in § 6-101(d) of this article. 

(c)  Credit union share guaranty corporation.- "Credit union share guaranty corporation" means a corporation that is: 

(1) Engaged in the business of providing primary share guaranty insurance for the share and deposit accounts of a credit union; and 

(2) Regulated under this subtitle. 

(d)  Participating credit union.- "Participating credit union" means a credit union that has applied for and been admitted to participation in a credit union share guaranty corporation and whose participation has not terminated. 
 

[2002, ch. 540.]