410

LAWS OF MARYLAND

Ch. 33

7.

"Division Director" is defined in § 8-101 of this
title.

8-306. LIMITATIONS ON OUTSIDE ACTIVITY AND INTERESTS.

(A)       OUTSIDE ACTIVITY.

THE DIVISION DIRECTOR SHALL DEVOTE FULL TIME TO THE
DUTIES OF THE OFFICE.

(B)       CONFLICT OF INTEREST.

THE DIVISION DIRECTOR, DEPUTY DIRECTOR, AND EXAMINERS
IN THE DIVISION OF SAVINGS AND LOAN ASSOCIATIONS MAY NOT BE
OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS OF OR ATTORNEYS
FOR ANY SAVINGS AND LOAN ASSOCIATION, EXCEPT THAT THEY HAY
HOLD FREE SHARE SAVINGS ACCOUNTS.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first clause
of the last sentence of Art. 23, § 161G(a) and
from Art. 23, §§ 161G(d) and 161-I(c).

In subsection (b) of this section, the word
"savings" is substituted for the tern "free
share" to conform to current terminology.

"Division Director" and "savings and loan
association" are defined in § 8—101 of this
title.

8-307. TERMINATION OF PROVISIONS OF CERTAIN SECTIONS IN
SUBTITLE.

SECTIONS SUBJECT TO THE EVALUATION AND REESTABLISHMENT
PROVISIONS OF THE REGULATORY PROGRAMS EVALUATION ACT OF
1978, §§ 8-301. 8-302(A)(1), (B), (C), AND (D), 8-303,
8-304, 8-305, AND 8-306 OF THIS TITLE RELATING TO THE BOARD
OF SAVINGS AND LOAN COMMISSIONERS AND THE DIVISION OF
SAVINGS AND LOAN ASSOCIATIONS AND RELATING TO THE
REGULATIONS OF SAVINGS AND LOAN ASSOCIATIONS ARE OF NO
EFFECT AND MAY NOT BE ENFORCED AFTER JULY 1, 1982.

REVISOR'S NOTE: This section presently appears as Art.
23, § 161LL-3.

The introductory clause of this section is      new

language added to clarify that termination of   the

enumerated sections is subject to evaluation   and

action by the General Assembly under the
referenced Act.

The only other changes are in style.

As to the Regulatory Programs Evaluation Act of