End of authority to accept applications; notice

  1. Law
  2. Maryland Code
  3. Financial Institutions
  4. Credit Union Share Insurance
  5. Credit Union Insurance Corporation
  6. Phase-Out; Dissolution
  7. End of authority to accept applications; notice

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    (a)    The Corporation may not accept an application from a credit union for new membership on or after the date that the Commissioner issues the first certificate of authority under § 7-203 of this title.

    (b)    The Commissioner shall notify the Corporation of the date that the Commissioner issues the first certificate of authority under § 7-203 of this title.


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