HARRY HUGHES, Governor

165

three persons ... to be appointed by the
Governor..."

The name "Bank Regulations Board", while not
appearing in these present sections, is the name
by which this entity is now known, and,
therefore, that name is used throughout this
article. See Maryland Manual, 1979-1980, p.
199; cf., present Art. 11, § 108K — now § 2-403
of this title — and Art. 41, § 486, which refer
to this Board as the "Bank Regulation Board".

2-302. MEMBERSHIP.

(A)      COMPOSITION.

THE BANK REGULATIONS BOARD CONSISTS OF THE FOLLOWING
SEVEN MEMBERS:

(1)      THE BANK COMMISSIONER;

(2)      THE THREE MEMBERS OF THE BANKING BOARD
APPOINTED UNDER § 2-202 OF THIS TITLE; AND

(3)      THREE MEMBERS APPOINTED BY THE GOVERNOR WITH
THE ADVICE OF THE SECRETARY OF LICENSING AND REGULATION.

(B)      QUALIFICATIONS.

(1)   OF THE THREE MEMBERS APPOINTED UNDER
SUBSECTION (A)(3) OF THIS SECTION:

(I)   ONE SHALL BE AN ECONOMIST;

(II)   ONE SHALL BE A CERTIFIED PUBLIC
ACCOUNTANT; AND

(III)   ONE SHALL BE A MEMBER OF THE GENERAL
PUBLIC.

(2)   A MEMBER APPOINTED UNDER THIS SUBSECTION MAY
NOT BE EMPLOYED BY ANY BANKING INSTITUTION.

(C)   TENURE; VACANCIES.

(1)   THE TERM OF AN APPOINTED MEMBER IS 2 YEARS.

(2)   AT THE END OF A TERM, AN APPOINTED MEMBER
CONTINUES TO SERVE UNTIL A SUCCESSOR IS APPOINTED AND
QUALIFIES.

(3)   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.