7-1-202. Commissioner of financial institutions as executive officer -- Appointment
-- Term -- Salary -- Qualifications.
The chief executive officer of the Department of Financial Institutions shall be the
commissioner of financial institutions who shall be appointed by the governor with the consent of
the Senate. He shall hold office for a term of four years following his appointment and
confirmation and until his successor is appointed and qualified, but he shall be subject to removal
at the pleasure of the governor. The governor shall establish the commissioner's salary within the
salary range fixed by the Legislature in Title 67, Chapter 22, State Officer Compensation. The
commissioner of financial institutions shall be a citizen of the United States and shall have
sufficient experience with depository institutions or as an employee of a state or federal agency
having supervision over financial institutions to demonstrate his qualifications and fitness to
perform the duties of his office.
Amended by Chapter 176, 2002 General Session
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Last revised: Thursday, May 28, 2009