Section 7-201 - Definitions.
§ 7-201. Definitions.
(a) In general.- In this subtitle the following words have the meanings indicated.
(b) Credit union.- Unless the context requires otherwise, "credit union" has the meaning stated in § 6-101(d) of this article.
(c) Credit union share guaranty corporation.- "Credit union share guaranty corporation" means a corporation that is:
(1) Engaged in the business of providing primary share guaranty insurance for the share and deposit accounts of a credit union; and
(2) Regulated under this subtitle.
(d) Participating credit union.- "Participating credit union" means a credit union that has applied for and been admitted to participation in a credit union share guaranty corporation and whose participation has not terminated.
[2002, ch. 540.]