Code · CFR · Title 12 — Banks and Banking · Part 7 — Activities and Operations · § 7.2012

§ 7.2012. President as director of a national bank.

58 words·~1 min read·/us/cfr/t12/s§ 7.2012·

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Pursuant to 12 U.S.C. 76, the person serving as, or in the function of, president of a national bank, regardless of title, must be a member of the board of directors. A director other than the person serving as, or in the function of, president may be elected chairman of the board. [85 FR 83735, Dec. 22, 2020]

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U.S. Code

President of bank as member of board; chairman of board
§ 76

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§ 7.2012

President as director of a national bank.

U.S.C.§ 76

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