Section 8-302 - Director of Division of Savings and Loan Associations.
§ 8-302. Director of Division of Savings and Loan Associations.
(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.
[An. Code 1957, art. 23, §§ 161E, 161G; 1980, ch. 33, § 2; 1985, 2nd Sp. Sess., ch. 6; 1986, ch. 282; 1995, ch. 120, § 19.]