(a) An applicant who is a member of the bar of another state may become a member of the Bar of this State if the applicant:
(1) is of good character and reputation;
(2) provides adequate evidence that, for at least 5 of the 7 years immediately before applying for admission to the Bar, the applicant was practicing law or teaching law or was a judge;
(3) pays the application fee set by the Court of Appeals; and
(4) passes an examination given by the Board.
(b) The Court of Appeals may adopt rules to govern:
(1) the content and administration of an examination given under this section;
(2) the determination of the character and reputation of applicants; and
(3) any other matter necessary to provide for the admission to the Bar of applicants under this section.