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Section 6-312 - General Powers — Maryland Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maryland/
  4. Financial Institutions - Title 1 - Definitions; General Provisions/
  5. Title 6 - Credit Unions/
  6. Subtitle 3 - Formation, Organization, and Powers/
  7. Part II - Powers of A Credit Union/
  8. Section 6-312 - General Powers
Maryland Legal Code

Section 6-312 - General Powers

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In addition to the powers set forth elsewhere in this title, a credit union may: (1) Receive the shares and deposits of its members; (2) Lend money to its members; (3) Invest funds as provided in this title; and (4) Undertake other activities that: (i) Are consistent with this title; (ii) Relate to its purposes; and (iii) Are authorized by its bylaws.