State Codes and Statutes
Statutes > Maryland > Financial-institutions > Title-10 > 10-108§ 10-108. Conflicts of interest - In general.
(a) In general.- The Fund Director may not:
(1) Be an officer or director of any State or federal savings and loan association; or
(2) Engage in any other business relating to financial institutions.
(b) Ownership of stock in member associations.-
(1) The Fund Director may not own stock or be a depositor in any member association.
(2) The employees of the Fund may not own stock in any member association.
(c) Penalty for violation.- Any person who violates any provision of this section is subject to dismissal.
[1985, 1st Sp. Sess., ch. 6, § 3.]
