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§ 5-103. Conflicts of interest

West's Annotated Code of MarylandState Government

West's Annotated Code of Maryland
State Government (Refs & Annos)
Title 5. Treasurer (Refs & Annos)
MD Code, State Government, § 5-103
§ 5-103. Conflicts of interest
Divestiture of stock
(a) Before taking office, the Treasurer shall place in a trust over which the Treasurer has no control or otherwise shall be divested of all capital stock of banks, trust companies, and other financial institutions in the State.
Stock ownership and compensation prohibited
(b) While in office, the Treasurer may not own capital stock of or receive compensation from a bank, trust company, or other financial institution in the State.

Credits

Added by Acts 1984, c. 284, § 1, eff. Oct. 1, 1984.
Formerly Art. 95, § 1A.
MD Code, State Government, § 5-103, MD STATE GOVT § 5-103
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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