§ 7-223. Nonprofit corporations

MD Fin Inst Code § 7-223 (2019) (N/A)
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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)    §§ 20–101, 20–104, 20–108, 20–113 through 20–127, 20–601, 20–603 through 20–609, 20–805, and 20–806, and Title 20, Subtitles 3 through 5 of the Local Government Article;

(2)    Title 6, Subtitle 1 of the Insurance Article;

(3)    The Tax – General Article; or

(4)    The Tax – Property Article.