<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="6-302" title_number="6" title_name="Credit Unions" subtitle_number="3" subtitle_name="Formation, Organization, and Powers">
  <level label="a">
    <text>In this section, “immediate family relative” means:</text>
    <level label="1">
      <text>A spouse;</text>
    </level>
    <level label="2">
      <text>A child;</text>
    </level>
    <level label="3">
      <text>A sibling;</text>
    </level>
    <level label="4">
      <text>A parent;</text>
    </level>
    <level label="5">
      <text>A grandparent;</text>
    </level>
    <level label="6">
      <text>A grandchild;</text>
    </level>
    <level label="7">
      <text>A stepparent;</text>
    </level>
    <level label="8">
      <text>A stepchild;</text>
    </level>
    <level label="9">
      <text>A step-sibling; or</text>
    </level>
    <level label="10">
      <text>Any adopted relative.</text>
    </level>
  </level>
  <level label="b">
    <text>A member of a credit union may be:</text>
    <level label="1">
      <text>An individual who shares with other members of the credit union one of the common bonds within the field of membership types approved by the Commissioner;</text>
    </level>
    <level label="2">
      <text>An employee of the credit union;</text>
    </level>
    <level label="3">
      <text>An entity that is composed primarily of individuals who are eligible for membership;</text>
    </level>
    <level label="4">
      <text>An individual living in the same residence and maintaining a single economic unit with an individual who is eligible for membership; and</text>
    </level>
    <level label="5">
      <text>An immediate family relative of an individual who is eligible for membership.</text>
    </level>
  </level>
  <level label="c">
    <text>A person that is eligible for membership under subsection (b) of this section becomes a member when the person:</text>
    <level label="1">
      <text>Subscribes to and pays for at least one share; and</text>
    </level>
    <level label="2">
      <text>Meets all of the other requirements of the bylaws of the credit union.</text>
    </level>
  </level>
  <level label="d">
    <text>Once an individual who is eligible for membership under subsection (b)(4) or (5) of this section becomes a member, then an immediate family relative of the member is eligible to become a member.</text>
  </level>
  <level label="e">
    <text>A member remains a member of a credit union until the member:</text>
    <level label="1">
      <text>Chooses to withdraw from the membership of the credit union; or</text>
    </level>
    <level label="2">
      <text>Is expelled by the board under § 6-319 of this subtitle.</text>
    </level>
  </level>
</section>
