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Maryland · Through 2026-01-01

Md. Code, Financial Institutions § 6–806

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Where this section sits in the code
  1. Article - Financial Institutions

With the approval of the Commissioner, a credit union may purchase the assets or assume the liabilities of another credit union whether or not the credit unions have the same field of membership type, if:

(1) The other credit union is insolvent or likely to become insolvent;

(2) The purchase or assumption is in the best interest of the membership of the other credit union; and

(3) The purchase or assumption will not adversely affect the financial condition of the credit union that makes the purchase or assumption.

Collected 2026-09-14T19:58:27Z. Source file · JSON

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