§ 6-312
63 words·~1 min read·
/md/financial-institutions/6-312A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6–312.
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.