State Codes and Statutes
Statutes > Maryland > State-government > Title-5 > 5-103§ 5-103. Conflicts of interest.
(a) Divestiture of stock.- Before taking office, the Treasurer shall place in a trust over which the Treasurer has no control or otherwise shall be divested of all capital stock of banks, trust companies, and other financial institutions in the State.
(b) Stock ownership and compensation prohibited.- While in office, the Treasurer may not own capital stock of or receive compensation from a bank, trust company, or other financial institution in the State.
[An. Code 1957, art. 95, § 1A; 1984, ch. 284, § 1.]
