Section 7-223 - Nonprofit corporations.
§ 7-223. Nonprofit corporations.
A credit union share guaranty corporation that is a nonprofit corporation exempt from federal taxation under § 501 (c) (6) of the Internal Revenue Code is exempt from all taxes imposed by the State or any of its subdivisions under:
(1) Article 24, Title 9 of the Code;
(2) Title 6, Subtitle 1 of the Insurance Article;
(3) The Tax-General Article; or
(4) The Tax-Property Article.
[2002, ch. 540.]