Section 1: Department of banking and insurance; divisions; commissioners
65 words·~1 min read·
/ma/part-i/title-ii/chapter-26/1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1. There shall be a department of banking and insurance consisting of a division of banks and loan agencies and a division of insurance. Each division shall be in charge of a commissioner who shall be known, respectively, as the commissioner of banks and the commissioner of insurance. The commissioners shall act as a board in all matters concerning the department as a whole.