{"data":{"id":"us-md/md.-code-financial-institutions-6-806","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 6–806","heading":"","body":"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:\n(1) The other credit union is insolvent or likely to become insolvent;\n(2) The purchase or assumption is in the best interest of the membership of the other credit union; and\n(3) The purchase or assumption will not adversely affect the financial condition of the credit union that makes the purchase or assumption.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=6-806","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"9b69620053c1a2069a6194b1b3cb480258bf7cc1ee638a389809a87934256df5","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-6-805","next":"us-md/md.-code-financial-institutions-6-807"},"notice":"GroundRules: Original legal text. Not legal advice."}