HARRY HUGHES, Governor

1131

DIVESTED OF ALL CAPITAL STOCK OF BANKS, TRUST COMPANIES, AND
OTHER FINANCIAL INSTITUTIONS IN THE STATE.

(B) STOCK OWNERSHIP AND COMPENSATION PROHIBITED.

WHILE IN OFFICE, THE TREASURER MAY NOT OWN CAPITAL STOCK OF
OR RECEIVE COMPENSATION FROM A BANK, TRUST COMPANY, OR OTHER
FINANCIAL INSTITUTION IN THE STATE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first and second
clauses of the third sentence of former Art. 95, § 1A.

The third clause of the third sentence of former Art.
95, § 1A, which delayed the effect of that sentence
until 1975, is deleted as obsolete.

5-104. FULL-TIME DUTIES; SALARY.

(A)  FULL-TIME DUTIES.

THE TREASURER SHALL DEVOTE FULL TIME TO THE DUTIES OF
OFFICE.

(B)  SALARY.

THE TREASURER IS ENTITLED TO THE SALARY PROVIDED IN THE
STATE BUDGET.

REVISOR'S NOTE: This section is new    language derived

without substantive change from  the second sentence

and the second clause of the first   sentence of former-
Art. 95, § 1A.

The first clause of the first sentence of former Art.
95, § 1A, which delayed the full-time requirement
until 1975, is deleted as obsolete.

5-105. STAFF.

(A)  IN GENERAL.

(1)  THE TREASURER MAY EMPLOY A STAFF IN ACCORDANCE
WITH THE STATE BUDGET.

(2)  WHILE ON THE STAFF, AN INDIVIDUAL SHALL BE
COVERED BY A SURETY BOND IN THE FORM AND AMOUNT REQUIRED BY LAW.

(3)  THE STAFF SHALL PERFORM THE DUTIES THAT THE
TREASURER ASSIGNS.

(B)  CHIEF DEPUTY TREASURER AND DEPUTY TREASURERS.

(1) FROM AMONG THE EMPLOYEES ON THE STAFF, THE
TREASURER MAY DESIGNATE 1 CHIEF DEPUTY TREASURER AND 1 OR MORE
DEPUTY TREASURERS.