Md. Code, Fin. Inst. § 6-312

Current with changes from the 2024 Legislative Session

Section 6-312 - General powers

In addition to the powers set forth elsewhere in this title, a credit union may:

(1) Receive the shares and deposits of its members;

(2) Lend money to its members;

(3) Invest funds as provided in this title; and

(4) Undertake other activities that:

(i) Are consistent with this title;

(ii) Relate to its purposes; and

(iii) Are authorized by its bylaws.

Md. Code, FI § 6-312