State Codes and Statutes
Statutes > Maryland > Financial-institutions > Title-6 > Subtitle-4 > 6-406§ 6-406. Unsafe or unauthorized practices - Action by board and members.
(a) Meeting to act on practice.- The board may call a meeting of the members of the credit union to act on any practice of the credit union that the supervisory committee considers unsafe or unauthorized.
(b) Notice to Commissioner.- The board shall give the Commissioner advance notice of a meeting of the members that is called under subsection (a) of this section.
[CA § 6-323; 1980, ch. 33, § 2; 1996, ch. 326, § 2; 2001, ch. 147, § 1; ch. 148, § 1.]
