§ 13-1-602 — State banking commissioner; qualifications; compensation

(a) The commissioner shall have not less than seven (7)
years experience in the commercial banking industry, or seven
(7) years experience as an examiner or administrative officer
with the federal deposit insurance corporation, federal reserve
system, office of the comptroller of the currency or a state
banking regulatory department, or a combination thereof, with
continually increasing administrative authority and
responsibility throughout the period of experience.
(b) The salary of the commissioner shall be fixed by the
director, after consultation with the state banking board, and
within limits prescribed by the appropriation from the
legislature.