Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 7. CREDIT UNION SHARE INSURANCE |
SUBTITLE 2. CREDIT UNION SHARE GUARANTY CORPORATIONS |
§ 7-221. State not liable for payment of funds
Latest version.
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Nothing in this subtitle creates any liability on the State for the payment of any funds to any participating credit union or other person by reason of:
(1) An act or omission of a credit union share guaranty corporation; or
(2) A deficiency of a participating credit union in the event a credit union share guaranty corporation is unable to pay the deficiency.