# Financial Institutions (GFI)

## Title 7. Credit Union Share Insurance

### Subtitle 1. Credit Union Insurance Corporation

#### Section 7-118

(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 Sec. 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 Sec. 7-203 of this title.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)