160

LAWS OF MARYLAND

Ch. 33

the Bank Commissioner.

As to subsection (b) of this section, the terms
"banking institution", "financial institution",
and "national banking association" are defined in
§ 1-101 of this article.

As to subsection (b)(2) of this section, the
General Assembly may wish to consider whether the
phrase "any ... business relating to banks and
financial institutions" is not overly broad.
This might be compared with the reference in §
2—111 of this subtitle to "any institution ...
subject to examination or supervision by the Bank
Commissioner"; and the reference in § 2-112(a) of
this subtitle to "any institution ... subject to
the jurisdiction of the Bank Commissioner".

Note, also that, unlike § 2—112 of this subtitle,
there is no express penalty for violating this
section.

The Commission to Revise the Annotated Code
understands that the entire area of conflicts of
interest in State government is under study and
may be the subject of specific legislation;
consequently, it has made no attempt to conform
or otherwise modify these various provisions.

2-111. CONFLICTS OF INTEREST — OWNERSHIP OF CERTAIN STOCK
PROHIBITED.

THE BANK COMMISSIONER AND THE EMPLOYEES OF THE BANK
COMMISSIONER'S OFFICE MAY NOT OWN STOCK IN ANY INSTITUTION
THAT IS SUBJECT TO EXAMINATION OR SUPERVISION BY THE BANK
COMMISSIONER.

REVISOR'S NOTE: This section presently appears as Art.
11, § 4.

The present, specific reference to the Deputy
Bank commissioner is deleted as unnecessary. As
indicated in § 2-103(b) of this subtitle, the
Deputy is considered to be an employee of the
Bank Commissioner's office.

The only other changes are in style.

The General Assembly may wish to note that,
unlike § 2-112 of this subtitle, there is no
express penalty for violating this section. See
also revisor's note to § 2—110 of this subtitle.

2-112. SAME — OTHER PROHIBITED ACTIVITIES.

(A) IN GENERAL.