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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 6. CREDIT UNIONS |
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SUBTITLE 8. EXTRAORDINARY ACTIONS. |
§ 6-809. Member withdrawal from account
Latest version.
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(a) Notice requirement. -- A credit union may require not more than 60 days' notice of a member's intention to withdraw from a share account or deposit account.
(b) Restrictions. -- A requirement imposed under subsection (a) of this section shall:
(1) Apply to all members of the credit union; and
(2) Be included in each member's account agreement.