1130

LAWS OF MARYLAND

Ch. 284

THE GOVERNOR SHALL DEMAND THAT THE TREASURER OBTAIN COVERAGE
UNDER A NEW SURETY BOND THAT MEETS THE REQUIREMENTS OF THIS
SECTION.

(2) NEGLECT OR REFUSAL TO OBTAIN THE COVERAGE WITHIN
20 DAYS AFTER THE DEMAND CONSTITUTES DISQUALIFICATION FROM
OFFICE, AS AUTHORIZED IN THE MARYLAND CONSTITUTION.

(D) FILING.

AFTER EXECUTION AND APPROVAL OF A SURETY BOND UNDER THIS
SECTION, THE SURETY BOND SHALL BE RECORDED IN THE OFFICE OF THE
CLERK OF THE COURT OF APPEALS.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 95, § 2(a)
and (b) and the first clause of (c).

In subsections (a) through (d) of this section, the
word "surety" is added to modify "bond", to conform to
references elsewhere in the Code to this type of bond.

The introductory phrase of subsection (a) of this
section, "[w]hile in office," is substituted for the
former language "[b]efore entering upon the discharge
of his duties," to clarify that the Treasurer must
have coverage throughout the term of office.

In subsection (b)(1) of this section, the requirement
that the surety bond "run to the State" is substituted
for the former requirement to "give to the State
bond", for clarity.

In subsection (c)(1) and (2) of this section,
respectively, the references to "coverage under a new
surety bond" and to "the coverage" are substituted for
the former requirement to "renew the bond", for
clarity.

The second clause of former Art. 95, § 2(c), which
provided for use of a certified copy of the surety
bond in evidence, is deleted as unnecessary in light
of CJ § 10-204, which provides generally for use of
certified copies of public records.

As to the separate bond required as custodian of the
Unemployment Trust Fund, see Art. 95A, § 10(b) of the
Code.

5-103. CONFLICTS OF INTEREST.

(A) DIVESTITURE OF STOCK.

BEFORE TAKING OFFICE, THE TREASURER SHALL PLACE IN A TRUST
OVER WHICH THE TREASURER HAS NO CONTROL OR OTHERWISE SHALL BE