§ 8-302. Director of Division of Savings and Loan Associations

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(a) Appointment. -- The Secretary of Labor, Licensing, and Regulation shall appoint the Division Director with the approval of the Governor and the advice and consent of the Senate.

(b) Responsibility to Secretary. -- The Division Director serves at the pleasure of the Secretary.

(c) Qualifications. -- The Division Director shall have experience in State or national regulation or management of financial organizations, which may include service as a bank or savings and loan association director or officer.

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

HISTORY: An. Code 1957, art. 23, § 161E, 161G; 1980, ch. 33, § 2; 1985, 2nd Sp. Sess., ch. 6; 1986, ch. 282; 1995, ch. 120, § 19.

                    
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