Maryland § 6-807
Full text of Maryland Maryland Code § 6-807, with citation guidance and answers to common questions.
§ 6-807.
(a) A credit union may establish a branch in the State in accordance with the provisions of this section.
(b) (1) A credit union that proposes to establish a branch in the State shall:
(i) File with the Commissioner, at least 30 days before the intended opening date, a notice of intention to open a branch;
(ii) Submit to the Commissioner any information the Commissioner requires in order to evaluate the proposed branch; and
(iii) Pay to the Commissioner a branch fee of $100.
(2) The branch fee may not apply to a branch that is acquired by a credit union through a merger or consolidation with, or transfer to the credit union of all or substantially all of the assets of, a credit union.
(c) In deciding whether to approve the establishment of a branch, the Commissioner shall consider whether:
(1) The establishment of the branch will promote the convenience of the members of the credit union;
(2) The applicant has sufficient net worth to support the branch; and
(3) The applicant generally is operating in compliance with the provisions of this title.
(d) (1) The Commissioner shall decide whether to approve the establishment of a branch within 30 days of receipt of the notice specified in subsection (b)(1) of this section.
(2) The establishment of a branch shall be deemed approved if the Commissioner takes no action on the notice within the time limit specified in this subsection.
Frequently Asked Questions About Maryland § 6-807
What does Maryland Code § 6-807 cover?
Section 6-807 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 § 6-807?
A common citation format is "Maryland Code § 6-807" (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 § 6-807 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.