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§ 2-110. Full time devotion to duties

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023

West's Annotated Code of Maryland
Financial Institutions
Title 2. Commissioner and Boards
Subtitle 1. Commissioner of Financial Regulation (Refs & Annos)
Effective: July 1, 2023
MD Code, Financial Institutions, § 2-110
§ 2-110. Full time devotion to duties
Currentness
In general
(a) The Commissioner and the Deputy Commissioners appointed under § 2-103 of this subtitle shall devote full time to their duties.
Restrictions on other banking or business activities
(b) The Commissioner and the Deputy Commissioners appointed under § 2-103 of this subtitle may not:
(1) Be an officer or director of any State banking institution or national banking association, or in any entity engaged in the business of making loans; or
(2) Engage in any other business relating to banks and financial institutions or lending.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1989, c. 777, § 2; Acts 1990, c. 594; Acts 1991, c. 568; Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 1999, c. 523, § 1, eff. Oct. 1, 1999; Acts 2023, c. 28, § 1, eff. July 1, 2023; Acts 2023, c. 29, § 1, eff. July 1, 2023.
Formerly Art. 11, § 1.
MD Code, Financial Institutions, § 2-110, MD FIN INST § 2-110
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