TITLE 6 - CREDIT UNIONS
- Subtitle 1 - Definitions
- Subtitle 2 - General Provisions
- Subtitle 3 - Formation, Organization, and Powers
- Section 6-301 - Formation in general.
- Section 6-302 - Membership.
- Section 6-303 - Common bond membership fields.
- Section 6-304 - Changing membership type.
- Section 6-305 - Execution and contents of articles of incorporation and agreement.
- Section 6-306 - Adoption and contents of bylaws.
- Section 6-307 - Articles of incorporation and bylaws - Filing for examination and approval.
- Section 6-308 - Same - Filing for record.
- Section 6-309 - Articles of incorporation.
- Section 6-310 - , 6-311. Reserved.
- Section 6-312 - General powers.
- Section 6-313 - Powers authorized by federal law.
- Section 6-314 - Capital.
- Section 6-315 - , 6-316. Reserved.
- Section 6-317 - Meetings of members; voting.
- Section 6-318 - Voting by mail ballots.
- Section 6-319 - Expulsion and withdrawal of members.
- Section 6-320 - Amendment of bylaws or articles of incorporation - In general.
- Section 6-321 - Same - Mail ballot.
- Section 6-322 - , 6-323. Reserved.
- Section 6-324 - Management of credit union.
- Section 6-325 - Directors - Number, qualifications, tenure, and oath.
- Section 6-326 - Director.
- Section 6-327 - Director Emeritus.
- Section 6-328 - Same - Duties.
- Section 6-329 - Same - Election by mail ballot.
- Section 6-330 - Officers.
- Section 6-331 - Compensation.
- Section 6-332 - Suspension of directors, officers, and credit committee members.
- Section 6-333 - Education of officials.
- Subtitle 4 - Examinations and Reports
- Section 6-401 - Supervisory committee - In general.
- Section 6-402 - Same - Powers and duties.
- Section 6-403 - Examinations of credit unions.
- Section 6-404 - Reports to Commissioner.
- Section 6-405 - Commissioner may require independent audit.
- Section 6-406 - Unsafe or unauthorized practices - Action by board and members.
- Section 6-407 - Same - Action by Commissioner.
- Subtitle 5 - Deposits and Dividends
- Subtitle 6 - Loans
- Section 6-601 - Power to make loans.
- Section 6-602 - Credit committee - In general.
- Section 6-603 - Same - Approval of loans; loan officers; meetings.
- Section 6-604 - Maximum of loans to single member.
- Section 6-605 - Required security.
- Section 6-606 - Mortgage loans.
- Section 6-607 - Participation with other institutions.
- Section 6-608 - Government guarantees.
- Section 6-609 - Purchase of certain obligations and loans authorized.
- Section 6-610 - Loans to officials of credit union.
- Section 6-611 - Prohibited loans.
- Subtitle 7 - Miscellaneous Regulations
- Section 6-701 - Required insurance.
- Section 6-702 - Relevant federal provisions.
- Section 6-703 - Reserve fund.
- Section 6-704 - Allowance for loan and lease loss.
- Section 6-705 - Permitted deposits and investments.
- Section 6-706 - Service organization.
- Section 6-707 - Credit union facilities.
- Section 6-708 - Power to borrow.
- Section 6-709 - Change of place of business.
- Section 6-710 - Fiscal year.
- Section 6-711 - Hours of operation.
- Section 6-712 - Credit unions with assets of $300,000 or greater; annual assessment.
- Section 6-713 - Member insurance - Notice to Commissioner.
- Section 6-714 - Marketing arrangements.
- Section 6-715 - Books and records.
- Section 6-716 - Savings promotion raffles.
- Subtitle 8 - Extraordinary Actions
- Section 6-801 - Conversion of State credit union into federal credit union.
- Section 6-802 - Conversion of foreign credit union into State credit union.
- Section 6-803 - Merger of credit unions.
- Section 6-804 - Voluntary dissolution.
- Section 6-805 - Voluntary receivership.
- Section 6-806 - Assumption of liabilities of another credit union.
- Section 6-807 - State branches.
- Section 6-808 - Out-of-state credit union.
- Section 6-809 - Member withdrawal from account.
- Subtitle 9 - Prohibited Activities; Penalties
- Section 6-901 - Unauthorized use of words "credit union" prohibited.
- Section 6-902 - Making, circulating, or sending untrue statements.
- Section 6-903 - Intentionally false statements or false records.
- Section 6-904 - Improper loans.
- Section 6-905 - Same - Action by Commissioner.
- Section 6-906 - Cease and desist orders.
- Section 6-906.1 - Cease and desist orders - Civil penalty.
- Section 6-906.2 - Closed hearing in extraordinary circumstances.
- Section 6-907 - Unsafe or unsound practices.
- Section 6-908 - Violations.
- Section 6-909 - Disclosure of credit union information.