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§ 2-102. Appointment and qualifications of Commissioner

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2019

West's Annotated Code of Maryland
Financial Institutions
Title 2. Commissioner and Boards
Subtitle 1. Commissioner of Financial Regulation (Refs & Annos)
Effective: July 1, 2019
MD Code, Financial Institutions, § 2-102
§ 2-102. Appointment and qualifications of Commissioner
Currentness
Appointment
(a) The Commissioner is appointed by the Secretary of Labor with the approval of the Governor and the advice and consent of the Senate.
Service at pleasure of Secretary of Labor
(b) The Commissioner serves at the pleasure of the Secretary of Labor.
Experience in state or national banking regulation or management
(c) The Commissioner shall have at least 5 years of experience in state or national banking regulation or management, which may include service as a bank director.
Salary
(d) The Commissioner is entitled to the salary provided in the State budget.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1995, c. 120, § 19, eff. July 1, 1995; Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 2019, c. 8, § 5.
Formerly Art. 11, § 1.
MD Code, Financial Institutions, § 2-102, MD FIN INST § 2-102
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.
End of Document