Maryland § 6-306
Full text of Maryland Maryland Code § 6-306, with citation guidance and answers to common questions.
§ 6-306.
(a) The incorporators shall adopt bylaws for the credit union and shall sign and acknowledge two copies of them.
(b) The bylaws of the credit union shall include:
(1) The name and purpose of the credit union;
(2) Provisions for annual and special meetings of members and the manner of notification for and conduct of the meetings;
(3) The number of members that constitute a quorum and provisions that relate to voting;
(4) A detailed description of the field of membership;
(5) The qualifications for membership;
(6) The number of directors on the board and their powers and duties;
(7) The powers and duties of its credit committee, if any, and supervisory committee;
(8) The powers and duties of its officers;
(9) The number of and qualifications for directors emeriti, if any;
(10) The par value of its shares and the conditions for issuance, payment, transfer, and withdrawal;
(11) The conditions on which deposits may be received and withdrawn; and
(12) Provisions for determining and paying dividends on shares and interest on deposits.
Frequently Asked Questions About Maryland § 6-306
What does Maryland Code § 6-306 cover?
Section 6-306 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 6-306?
A common citation format is "Maryland Code § 6-306" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 6-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.