156

LAWS OF MARYLAND

Ch. 33

THE BANK COMMISSIONER IS ENTITLED TO THE SALARY
PROVIDED IN THE STATE BUDGET.

REVISOR'S NOTE: This section is new language derived

without substantive change from the second,

third, and eighth sentences and the last clause
of the fifth sentence of Art. 11, § 1.

As to subsections (a) and (b) of this section,
see also Art. 41, § 221B(e) of the Code, which
provides that "{w}herever it is provided by law
that an appointment to a particular office within
the Department of Licensing and Regulation is to
be made by the Secretary with the approval of the
Governor, and the appointee is to serve at the
pleasure of the Secretary, the Secretary shall
not remove the appointee without first obtaining
approval of the Governor."

The seventh sentence of present Art. 11, § 1,
which requires the Bank Commissioner to be
bonded, is deleted as unnecessary since, in fact,
all State employees and officers are covered by a
blanket bond.

2-103. DEPUTY BANK COMMISSIONER.

(A)   APPOINTMENT.

WITH THE APPROVAL OF THE SECRETARY OF LICENSING AND
REGULATION, THE BANK COMMISSIONER SHALL APPOINT A DEPUTY
BANK COMMISSIONER.

(B)   RESPONSIBILITY TO BANK COMMISSIONER.

THE DEPUTY BANK COMMISSIONER SERVES AT THE PLEASURE OF
THE BANK COMMISSIONER AND IS AN EMPLOYEE OF THE BANK
COMMISSIONER'S OFFICE.

(C)   QUALIFICATIONS.

THE DEPUTY BANK 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 DEPUTY BANK COMMISSIONER IS ENTITLED TO THE SALARY
PROVIDED IN THE STATE BUDGET.

(E)   POWERS AND DUTIES.

IN ADDITION TO ANY OTHER POWERS AND DUTIES SET FORTH IN
THIS ARTICLE, THE DEPUTY BANK COMMISSIONER HAS THE POWERS
AND DUTIES OF THE BANK COMMISSIONER:

(1) TO THE EXTENT DELEGATED BY THE BANK