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2017 Maryland Code
State Government
Title 5 - Treasurer
§ 5-103. Conflicts of interest
Universal Citation: MD State Govt Code § 5-103 (2017)
- (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.
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