§ 7-201. Definitions

   (a) In general. -- In this subtitle the following words have the meanings indicated.

(b) Credit union. -- Unless the context requires otherwise, "credit union" has the meaning stated in § 6-101(d) of this article.

(c) Credit union share guaranty corporation. -- "Credit union share guaranty corporation" means a corporation that is:

   (1) Engaged in the business of providing primary share guaranty insurance for the share and deposit accounts of a credit union; and

   (2) Regulated under this subtitle.

(d) Participating credit union. -- "Participating credit union" means a credit union that has applied for and been admitted to participation in a credit union share guaranty corporation and whose participation has not terminated.

HISTORY: 2002, ch. 540.