Md. Code Ann., Fin. Inst. § 2-110
Full time devotion to duties
Effective Jul 1, 2023Added 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.State of Maryland
- (a) The Commissioner and the Deputy Commissioners appointed under § 2-103 of this subtitle shall devote full time to their duties.
(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.
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.