Md. Code Ann., Fin. Inst. § 2-102
Appointment and qualifications of Commissioner
Effective Jul 1, 2019Added 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.State of Maryland
- (a) The Commissioner is appointed by the Secretary of Labor with the approval of the Governor and the advice and consent of the Senate.
- (b) The Commissioner serves at the pleasure of the Secretary of Labor.
- (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.
- (d) The Commissioner is entitled to the salary provided in the State budget.
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.