Maryland § 2-103
Full text of Maryland Maryland Code § 2-103, with citation guidance and answers to common questions.
§ 2-103.
(a) With the approval of the Secretary of Labor, the Commissioner shall appoint:
(1) A Deputy Commissioner for Depository Activities; and
(2) A Deputy Commissioner for Non–Depository Activities.
(b) The Deputy Commissioners appointed under subsection (a) of this section serve at the pleasure of the Commissioner and are employees of the Commissioner’s office.
(c) (1) The Deputy Commissioner for Depository Activities shall have at least 5 years of experience in the regulation or management of financial institutions.
(2) The Deputy Commissioner for Non–Depository Activities shall have at least 5 years of experience in the regulation or management of persons required to be licensed or registered under this article or the Commercial Law Article.
(d) The Deputy Commissioners appointed under subsection (a) of this section are entitled to the salary provided in the State budget.
(e) In addition to any other powers and duties set forth in this article:
(1) The Deputy Commissioner for Depository Activities has the powers and duties of the Commissioner:
(i) To the extent delegated by the Commissioner;
(ii) If the office of the Commissioner is vacant; and
(iii) If for any reason the Commissioner is unable to perform the duties of the office; and
(2) The Deputy Commissioner for Non–Depository Activities has the powers and duties of the Commissioner to the extent delegated by the Commissioner.
Frequently Asked Questions About Maryland § 2-103
What does Maryland Code § 2-103 cover?
Section 2-103 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 2-103?
A common citation format is "Maryland Code § 2-103" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 2-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.