Maryland § 6-404
Full text of Maryland Maryland Code § 6-404, with citation guidance and answers to common questions.
§ 6-404.
(a) On or before March 31 of each year, each credit union shall report to the Commissioner on the business of the credit union during the preceding calendar year.
(b) The Commissioner may require any other reports from a credit union that the Commissioner considers necessary.
(c) Each report made under this section shall be:
(1) On the form that the Commissioner provides; and
(2) Signed and acknowledged by:
(i) A majority of the members of the supervisory committee; and
(ii) The president, vice-president, secretary, or treasurer of the credit union.
(d) If a credit union fails to make any report as required by this title, the credit union shall pay to the Commissioner $50 for each day that the report is overdue.
Frequently Asked Questions About Maryland § 6-404
What does Maryland Code § 6-404 cover?
Section 6-404 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 § 6-404?
A common citation format is "Maryland Code § 6-404" (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 § 6-404 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.