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LAWS OF MARYLAND

Ch. 33

COMMISSIONERS IN THE DEPARTMENT OF LICENSING AND REGULATION.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first part of
the first sentence of Art. 23, § 161E(a).

With the advice of the Board, the name of the
Board is changed by deleting the present word
"Building".

As to the organization within the Department of
Licensing and Regulation, generally, see Art. 41,
§§ 221 through 221C.

8-202. COMPOSITION; QUALIFICATIONS; OATH; TERM; VACANCIES.

(A)       COMPOSITION.

(1)       THE BOARD OF COMMISSIONERS CONSISTS OF NINE
MEMBERS APPOINTED BY THE GOVERNOR WITH THE ADVICE OF THE
SECRETARY AND WITH THE ADVICE AND CONSENT OF THE SENATE.

(2)       OF THE BOARD MEMBERS:

(I)   THREE SHALL BE INDUSTRY MEMBERS WHO
FOR AT LEAST 5 YEARS IMMEDIATELY BEFORE APPOINTMENT HAVE
BEEN OFFICERS OR DIRECTORS OF OR ATTORNEYS FOR MARYLAND
SAVINGS AND LOAN ASSOCIATIONS INSURED BY THE MARYLAND
SAVINGS-SHARE INSURANCE CORPORATION;

(II)   TWO SHALL BE INDUSTRY MEMBERS WHO FOR
AT LEAST 5 YEARS IMMEDIATELY BEFORE APPOINTMENT HAVE BEEN
OFFICERS OR DIRECTORS OF OR ATTORNEYS FOR MARYLAND SAVINGS
AND LOAN ASSOCIATIONS INSURED BY THE FEDERAL SAVINGS AND
LOAN INSURANCE CORPORATION; AND

(III)   FOUR SHALL BE PUBLIC MEMBERS WHO MAY
NOT HAVE SERVED AS AN OFFICER OR DIRECTOR OF OR ATTORNEY FOR
A SAVINGS AND LOAN ASSOCIATION DURING THE 1 YEAR IMMEDIATELY
BEFORE APPOINTMENT.

(B)   QUALIFICATIONS.

EACH MEMBER OF THE BOARD OF COMMISSIONERS SHALL HAVE
BEEN A RESIDENT AND REGISTERED VOTER OF THIS STATE FOR AT
LEAST 5 YEARS IMMEDIATELY BEFORE APPOINTMENT.

(C)   OATH.

BEFORE TAKING OFFICE, EACH APPOINTEE TO THE BOARD OF
COMMISSIONERS SHALL TAKE THE OATH REQUIRED BY ARTICLE I, § 9
OF THE STATE CONSTITUTION.

(D)   TERMS; VACANCIES.

(1) THE TERM OF A MEMBER IS 4 YEARS AND BEGINS
ON JUNE 1.