Section 2-102 - Appointment; responsibility to Secretary; qualifications; compensation. - Maryland Statutes

§ 2-102. Appointment; responsibility to Secretary; qualifications; compensation.
 

(a)  Appointment.- The Commissioner is appointed by the Secretary of Labor, Licensing, and Regulation with the approval of the Governor and the advice and consent of the Senate. 

(b)  Responsibility to Secretary.- The Commissioner serves at the pleasure of the Secretary of Labor, Licensing, and Regulation. 

(c)  Qualifications.- 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)  Compensation.- The Commissioner is entitled to the salary provided in the State budget. 
 

[An. Code 1957, art. 11, § 1; 1980, ch. 33, § 2; 1995, ch. 120, § 19; 1996, ch. 326, § 2.]