Section 2-202 - Membership. - Maryland Statutes

§ 2-202. Membership.
 

(a)  Composition.- The Banking Board consists of the following nine members: 

(1) The State Comptroller; and 

(2) Eight members appointed by the Governor, with the advice of the Secretary of Labor, Licensing, and Regulation. 

(b)  Appointments.-  

(1) Of the eight appointed members: 

(i) Three shall represent the Maryland Bankers Association; 

(ii) One shall be an economist; 

(iii) One shall be a certified public accountant; 

(iv) One shall represent consumer interests; and 

(v) Two shall be public members. 

(2) The Governor shall appoint the members under paragraph (1) (i) of this subsection from a list of qualified individuals submitted to the Governor by the Maryland Bankers Association. The number of names on the list shall be at least three times the number of vacancies. 

(3) A member appointed under paragraph (1) (ii) through (v) of this subsection may not be employed by any banking institution. 

(c)  Tenure; vacancies.-  

(1) The term of an appointed member is 6 years. 

(2) The terms of members are staggered as required by the terms provided for members of the Board on July 1, 1981. 

(3) At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies. 

(4) A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies. 

(d)  Compensation.- A member of the Banking Board: 

(1) May not receive compensation; but 

(2) Is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget. 
 

[An. Code 1957, art. 11, § 27; 1980, ch. 33, § 2; 1981, ch. 753, § 1; 1990, ch. 6, § 2; 1995, ch. 120, § 19; 1997, ch. 136.]