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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 9. SAVINGS AND LOAN ASSOCIATIONS |
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SUBTITLE 11. MUTUAL ASSOCIATION CONVERSION TO A CREDIT UNION |
§ 9-1109. Membership
Latest version.
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In addition to membership authorized in § 6-302 of this article, a credit union resulting from a conversion under this subtitle may permit individuals who, at the time of conversion, are members, savings account holders, directors, officers, employees, or borrowers of a mutual association, to become members of the resulting credit union.