§ 7.2004. Honorary national bank directors or advisory boards.
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/us/cfr/t12/s§ 7.2004·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A national bank may appoint honorary or advisory members of a board of directors to act in advisory capacities without voting power or power of final decision in matters concerning the business of the bank. Any listing of honorary or advisory directors must distinguish between them and the bank's board of directors or indicate their advisory status.
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§ 7.2004
Honorary national bank directors or advisory boards.
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