164

LAWS OF MARYLAND

Ch. 33

(B) DUTIES.

THE BANKING BOARD SHALL:

(1)   GIVE THE BANK COMMISSIONER SOUND AND
IMPARTIAL ADVICE ON HOW TO PROTECT THE INTERESTS OF
DEPOSITORS AND STOCKHOLDERS IN BANKING INSTITUTIONS; AND

(2)   CONFER WITH THE BANK COMMISSIONER ON ANY
MATTER CONCERNING BANKING INSTITUTIONS OR THE BUSINESS OF
BANKING IN THIS STATE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first
sentence, except the first clause of that
sentence, and the entire second sentence of the
third paragraph of Art. 11, § 27.

In subsection (b) (1) of this section, the present
reference to banking institutions "in the State
of Maryland" is deleted as unnecessary in light
of the definition of "banking institution" in §
1—101 of this article.

2-204. MEETINGS.

THE BANKING BOARD SHALL MEET AT THE CALL OF THE BANK
COMMISSIONER.

REVISOR'S NOTE: This section presently appears as the
first clause of the third paragraph of Art. 11, §
27.

The only changes are in style.

GENERAL REVISOR'S NOTE:

As to the confidentiality of information that a Banking
Board member receives, see § 5—209 of this article.

As to the possible termination of the Banking Board, as
veil as the office of Bank Commissioner and the Bank
Regulations Board, see Subtitle 4 of this title.

SUBTITLE 3. BANK REGULATIONS BOARD.

2-301. BANK REGULATIONS BOARD.

THERE IS A BANK REGULATIONS BOARD IN THE DEPARTMENT OF
LICENSING AND REGULATION.

REVISOR'S NOTE: This section and the balance of this
subtitle are new language derived from the
references in Art. 11, §§ 67 and 72 to an unnamed
entity composed of "the Bank Commissioner, the
three appointed members of the Banking Board, and