HARRY HUGHES, Governor

197

(6) MAY NOT HAVE HAD WITHIN 2 YEARS BEFORE
APPOINTMENT A SUBSTANTIAL FINANCIAL INTEREST IN A PERSON
REGULATED BY THE BOARD.

(E)  SAME — RESTRICTION.

WHILE A MEMBER OF THE BOARD, A CONSUMER MEMBER MAY NOT
HAVE A SUBSTANTIAL FINANCIAL INTEREST IN A PERSON REGULATED
BY THE BOARD.

(F)  OATH.

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

(G)  TENURE; VACANCIES.

(1)  THE TERM OF A MEMBER IS 3 YEARS.

(2)  THE TERMS OF MEMBERS ARE STAGGERED AS
REQUIRED BY THE TERMS PROVIDED FOR MEMBERS OF THE BOARD ON
JULY 1, 1981.

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

(4)  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.

(5)  A MEMBER MAY NOT BE APPOINTED FOR MORE THAN
TWO CONSECUTIVE 3-YEAR TERMS.

(H) REMOVAL.

THE GOVERNOR MAY REMOVE A MEMBER FOR INCOMPETENCE OR
MISCONDUCT.

REVISOR'S NOTE: This section presently appears as Art.
43, § 555B-6, except subsection (a)(2)(ii)5. of
that section.

As to subsection (g)(2) of this section, "1981"
is substituted for "1979" to reflect the
effective date of this article and to conform to
similar sections in other titles in this article.
The terms of the members serving on July 1, 1981
expire as follows: (1) two members in 1982; (2)
two members in 1983; and (3) three members in
1984.

The only other changes are in style.

5-203. OFFICERS.