§ 6–312

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 6-312 (2026)

Title 6. Credit Unions

Subtitle 3. Formation, Organization, and Powers

In addition to the powers set forth elsewhere in this title, a credit union may:

(1)

Receive the shares and deposits of its members;

(2)

Lend money to its members;

(3)

Invest funds as provided in this title; and

(4)

Undertake other activities that:

(i)

Are consistent with this title;

(ii)

Relate to its purposes; and

(iii)

Are authorized by its bylaws.