Md. Code, Financial Institutions § 13-1005
This is the official text of Md. Code, Financial Institutions § 13-1005, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§13–1005.
Official statutory text
(a) The Authority consists of:
(1) Six members appointed by the Governor with the advice and consent of the Senate;
(2) One representative of the United States Department of the Interior, as designated by the Department of the Interior;
(3) One representative of the Maryland Historical Trust; and
(4) One representative of the Mayor and City Council of the City of Cumberland.
(b) The Governor shall designate one of the members of the Authority as chairman.
(c) (1) The term of a member is 4 years.
(2) The terms of members appointed by the Governor are staggered as required by the terms of the members serving on July 1, 2001.
(3) At the end of a term, a member continues to serve until a successor is appointed and qualifies.
(4) A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
(5) At the end of the term of a member or on the resignation or removal of a member, the Governor shall appoint a member to the Authority with the advice and consent of the Senate.
(d) The Governor may remove a nonfederal member for incompetence, misconduct, or failure to perform the duties of the position.
(1) Six members appointed by the Governor with the advice and consent of the Senate;
(2) One representative of the United States Department of the Interior, as designated by the Department of the Interior;
(3) One representative of the Maryland Historical Trust; and
(4) One representative of the Mayor and City Council of the City of Cumberland.
(b) The Governor shall designate one of the members of the Authority as chairman.
(c) (1) The term of a member is 4 years.
(2) The terms of members appointed by the Governor are staggered as required by the terms of the members serving on July 1, 2001.
(3) At the end of a term, a member continues to serve until a successor is appointed and qualifies.
(4) A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
(5) At the end of the term of a member or on the resignation or removal of a member, the Governor shall appoint a member to the Authority with the advice and consent of the Senate.
(d) The Governor may remove a nonfederal member for incompetence, misconduct, or failure to perform the duties of the position.
Status: in_force · Read it on the official government site
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