§ 7-118. End of authority to accept applications; notice

MD Fin Inst Code § 7-118 (2019) (N/A)
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(a)    The Corporation may not accept an application from a credit union for new membership on or after the date that the Commissioner issues the first certificate of authority under § 7-203 of this title.

(b)    The Commissioner shall notify the Corporation of the date that the Commissioner issues the first certificate of authority under § 7-203 of this title.