HARRY HUGHES, Governor                                      1055

(1)  To the extent delegated by the Division Director;

(2)  If the office of THE Division Director is vacant;
and

(3)  If for any reason the Division Director is unable
to perform the duties of the office.

8-305. STAFF.

[(c) Other staff.] With the approval of the Secretary, the
Division Director may appoint the staff provided in the State
budget, [Except for the deputy director, the Division Director
shall appoint and remove all personnel in accordance with the
State Merit System Law.]

[8-305.] 8-306. Oath.

Before taking office, the Division Director and deputy
DIVISION director shall take the oath required by Article I, § 9
of the State Constitution.

[8-306.] 8-307. Limitations on outside activity and interests;
GIFTS.

(a)  Outside activity.

The Division Director AND DEPUTY DIVISION DIRECTOR shall
devote full time to the duties of the office.

(b)  Conflict of interest.

The Division Director, deputy DIVISION director, and
[examiners in the Division of Savings and Loan Associations]
STAFF may not be officers, directors, employees, [or] AUDITORS,
agents of, or attorneys for, NOR RETAINED IN ANY MANNER BY, NOR
HAVE ANY OWNERSHIP INTEREST OR DEPOSIT WHATSOEVER IN, any savings
and loan association[, except that they may hold savings
accounts] OR RELATED ENTITY.

(C)  GIFTS.

THE DIVISION DIRECTOR, DEPUTY DIVISION DIRECTOR, DIVISION
STAFF, AND MEMBERS OF THE IMMEDIATE FAMILIES OF THE DIVISION

DIRECTOR, DEPUTY DIVISION DIRECTOR, AND DIVISION STAFF, AS

DEFINED IN ARTICLE 40A, SECTION 1-201(Q) OF THE CODE MAY NOT
ACCEPT, DIRECTLY OR INDIRECTLY, ANY GIFT, GRATUITY, OR
REMUNERATION OF ANY TYPE FROM ANY SAVINGS AND LOAN ASSOCIATION OR
RELATED ENTITY OR FROM ANY DIRECTOR, OFFICER, CONTROLLING PERSON,
EMPLOYEE, OR AGENT OF ANY SAVINGS AND LOAN ASSOCIATION OR RELATED
ENTITY.

(D)  LOANS.