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§ 2-111. Restrictions relating to stock ownership

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 2. Commissioner and Boards
Subtitle 1. Commissioner of Financial Regulation (Refs & Annos)
MD Code, Financial Institutions, § 2-111
§ 2-111. Restrictions relating to stock ownership
Currentness
In general
(a) The Commissioner, employees of the Commissioner's office, and other State employees acting under supervision of the Commissioner's office may not own stock in any institution that is subject to examination or supervision by the Commissioner.
State employee credit unions
(b) This section does not apply to a member share account of the Commissioner, an employee of the Commissioner's office, or other State employees acting under the supervision of the Commissioner's office held at a credit union that has a membership of over 60,000 State employees.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1990, c. 148; Acts 1996, c. 326, § 2, eff. July 1, 1996.
Formerly Art. 11, § 4.
MD Code, Financial Institutions, § 2-111, MD FIN INST § 2-111
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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