6-111 - Arizona Statutes

6-111. Superintendent; appointment; term; qualifications; salary A. The chief officer of the department shall be the superintendent who shall be appointed by the governor pursuant to section 38-211. B. The superintendent in office on the effective date of this section shall hold office until the expiration of his term. The term of the superintendent first appointed after January 1, 1974 shall end January 17, 1977, and, thereafter the term of office of the superintendent shall be four years and shall expire on the third Monday in January of the appropriate year. The superintendent may be removed by the governor for cause. C. Any person appointed as superintendent shall have had, within fifteen years preceding his first appointment, at least five years active experience in the financial institution business as an executive officer or shall have served a like period of time in a financial institution examining or supervisory capacity for this state or for any other state or for an agency or instrumentality of the United States. D. The salary of the superintendent shall be determined pursuant to section 38-611.