§ 2-102. Appointment; responsibility to Secretary; qualifications; compensation

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(a) Appointment. -- The Commissioner is appointed by the Secretary of Labor, Licensing, and Regulation with the approval of the Governor and the advice and consent of the Senate.

(b) Responsibility to Secretary. -- The Commissioner serves at the pleasure of the Secretary of Labor, Licensing, and Regulation.

(c) Qualifications. -- The Commissioner shall have at least 5 years of experience in state or national banking regulation or management, which may include service as a bank director.

(d) Compensation. -- The Commissioner is entitled to the salary provided in the State budget.

HISTORY: An. Code 1957, art. 11, § 1; 1980, ch. 33, § 2; 1995, ch. 120, § 19; 1996, ch. 326, § 2.

                    
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