Section 7-221 - State not liable for payment of funds. - Maryland Statutes

§ 7-221. State not liable for payment of funds.
 

Nothing in this subtitle creates any liability on the State for the payment of any funds to any participating credit union or other person by reason of: 

(1) An act or omission of a credit union share guaranty corporation; or 

(2) A deficiency of a participating credit union in the event a credit union share guaranty corporation is unable to pay the deficiency. 
 

[2002, ch. 540.]