§ 6–808
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 6-808 (2026)
Title 6. Credit Unions
Subtitle 8. Extraordinary Actions
§ 6–808LinkCopy Citation
(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.