§ 6–319

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 6-319 (2026)

Title 6. Credit Unions

Subtitle 3. Formation, Organization, and Powers

(a)

Subject to the applicable provisions of the bylaws, the board may expel any member of the credit union who:

(1)

Defaults on the payment of any monetary obligation to the credit union;

(2)

Is convicted of a criminal offense involving dishonesty or breach of trust;

(3)

Neglects or refuses to comply with the provisions of this title or of the bylaws of the credit union;

(4)

Habitually neglects to pay debts or becomes insolvent or bankrupt; or

(5)

Subject to the provisions of subsection (b) of this section, violates a written expulsion policy adopted by the board.

(b)

(1)

The board shall post conspicuously at each office of the credit union a notice of any expulsion policy adopted by the board.

(2)

A person expelled by the board may request a reconsideration of the expulsion.