Maryland Statutes
§ 6-704
Maryland § 6-704
This text of Maryland § 6-704 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Financial Institutions § 6-704 (2026).
Text
(a)A credit union shall maintain an allowance for loan and lease loss account in accordance with generally accepted accounting principles.
(b)The balance of the allowance for loan and lease loss account shall include coverage for:
(1)Individually classified loans; and
(2)The historical reserve needs of the credit union.
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Bluebook (online)
Maryland § 6-704, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/6-704.