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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) An out-of-state credit union shall provide the Commissioner, within 15 days of opening a branch in the State, with a notice of the opening of the branch.
(b) A credit union chartered and primarily regulated by another state that proposes to establish a branch in this State shall qualify under § 7-203 of the Corporations and Associations Article to do business in the State as a foreign corporation.
(c) An out-of-state credit union that has a branch in this State may establish additional branches in this State:
(1) To the same extent as a credit union; or
(2) To the extent otherwise permitted by federal law.
Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 6-808 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-6-808/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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