# Maryland SB 0783: Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement

Maryland SB 0783, Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement, is a 2026 Regular Session Senate bill sponsored by Carl Jackson (Democratic); status signed, last action 2026-05-12 (Approved by the Governor - Chapter 507) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-SB0783-2026RS
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0783
- State: Maryland
- Session: 2026 Regular Session
- Title: Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
- Status: signed
- Chamber: Senate
- Introduced: 2026-02-06
- Last action: 2026-05-12, Approved by the Governor - Chapter 507
- Sponsor: Carl Jackson (Democratic)
- Cosponsors: 0
- Subjects: Financial Institutions, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Credit Unions, Mergers and Acquisitions, Voting -see also- Absentee and Mail-In Voting
- Touches household money: no
- Roll calls: 3 (223 yes, 0 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New merger voting rules for credit unions: mixed, low. Beginning October 1, 2026, credit unions follow new merger approval rules. A majority of each merging credit union’s board must agree to the plan. Members of any absorbed credit union must approve by a majority of votes cast, unless the Commissioner waives this or sets another method. Members of th…

## Sponsors and cosponsors

- Sponsor: Carl Jackson (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-10 | House | Third Reading Passed | pass | 136 | 0 | 2 |
| 2026-04-10 | Senate | Third Reading Passed | pass | 42 | 0 | 2 |
| 2026-03-12 | Senate | Third Reading Passed | pass | 45 | 0 |   |

## Actions (15)

- 2026-05-12: Approved by the Governor - Chapter 507
- 2026-04-10: Passed Enrolled (Senate)
- 2026-04-10: Third Reading Passed (42-0) (Senate)
- 2026-04-10: Senate Concurs House Amendments (Senate)
- 2026-04-10: Third Reading Passed (136-0) (House)
- 2026-04-08: Second Reading Passed with Amendments (House)
- 2026-04-08: Favorable with Amendments {613827/1 Adopted (House)
- 2026-04-08: Favorable with Amendments Report by Economic Matters (House)
- 2026-03-13: Referred Economic Matters (House)
- 2026-03-12: Third Reading Passed (45-0) (Senate)
- 2026-03-10: Second Reading Passed (Senate)
- 2026-03-10: Favorable Adopted (Senate)
- 2026-03-09: Favorable Report by Finance (Senate)
- 2026-02-12: Hearing 2/27 at 1:00 p.m. (Senate)
- 2026-02-06: First Reading Finance (Senate)

## Bill text

- Enacted, 2026-05-12: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_507_sb0783e.pdf)
- Enrolled, 2026-04-10: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0783e.pdf)
- Third Reading, 2026-03-10: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0783t.pdf)
- First Reading, 2026-02-06: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0783f.pdf)

## Related bills

- SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law)
- SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law)
- SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law)
- SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law)
- SB 0016: Child Support - Earnings Withholdings Limits (became law)
- HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_507_sb0783e.pdf)
- [Enrolled (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0783e.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0783t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0783f.pdf)

## Related
- [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS)
- [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS)
- [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS)
- [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS)
- [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS)
- [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
- [Maryland state hub](https://policyrisk.com/states/maryland)
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Source: PRIA, https://policyrisk.com/state-bill/MD-SB0783-2026RS (as of 2026-10-19).