§ 6-808
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/md/financial-institutions/6-808A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6–808.
(a)An out-of-state credit union shall provide the Commissioner, within 15 days of opening a branch in the State, with a notice of the opening of the branch.
(b)A credit union chartered and primarily regulated by another state that proposes to establish a branch in this State shall qualify under § 7-203 of the Corporations and Associations Article to do business in the State as a foreign corporation.
(c)An out-of-state credit union that has a branch in this State may establish additional branches in this State:
(1)To the same extent as a credit union; or
(2)To the extent otherwise permitted by federal law.