Maryland § 7-103
Full text of Maryland Maryland Code § 7-103, with citation guidance and answers to common questions.
§ 7-103.
The purposes of the Corporation are to:
(1) Insure and guarantee the share and deposit accounts of member credit unions;
(2) Improve and stimulate the ability of credit unions to provide low-cost consumer loans;
(3) Promote the elasticity and flexibility of the resources of credit unions;
(4) Make loans for liquidity purposes to credit unions;
(5) Discount notes of credit unions;
(6) Provide a State service of lending among credit unions;
(7) Help rehabilitate and stabilize credit unions;
(8) Help liquidate credit unions in an orderly manner when necessary;
(9) Help strengthen and develop credit unions serving low-income individuals; and
(10) Cooperate with and assist credit unions, organizations of credit unions, the Commissioner, the National Credit Union Administration, and others in improving the general welfare of the people through credit unions.
Frequently Asked Questions About Maryland § 7-103
What does Maryland Code § 7-103 cover?
Section 7-103 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 § 7-103?
A common citation format is "Maryland Code § 7-103" (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 § 7-103 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.