Section 7-214 - Contracts with participating credit unions.
§ 7-214. Contracts with participating credit unions.
(a) In general.- A credit union share guaranty corporation shall have a written contract with each participating credit union that clearly establishes the rights and obligations of the parties.
(b) Amendment.- At least 30 days before the effective date of any material amendment to the standard written contract that is submitted under § 7-206 (b) of this subtitle, the credit union share guaranty corporation shall file the amendment with the Commissioner.
[2002, ch. 540.]