§7–215.

    A credit union share guaranty corporation shall provide written notice to the Commissioner of:

        (1)    The receipt from a credit union of an application for participation in the credit union share guaranty corporation;

        (2)    The credit union share guaranty corporation’s underwriting decision regarding the application for participation; and

        (3)    The voluntary or involuntary termination of the participation of a credit union in the credit union share guaranty corporation.