§ 7.2008. Oath of national bank directors.
197 words·~1 min read·
/us/cfr/t12/s§ 7.2008·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Administration of the oath. The oath of directors must be administered by:
(1)A notary public, including one who is a director but not an officer of the national bank; or
(2)Any person, including one who is a director but not an officer of the national bank, having an official seal and authorized by the State to administer oaths.
(b)Execution of the oath. Each national bank director must execute either a joint or individual oath at the first meeting of the board of directors that the director attends after the director is appointed or elected. A national bank director must take another oath upon re-election, notwithstanding uninterrupted service. Appropriate sample oaths may be found in the Charter Booklet of the Comptroller's Licensing Manual available at www.occ.gov.
(c)Filing and recordkeeping. A national bank must file the original executed oaths of directors with the appropriate OCC licensing office, as defined in 12 CFR 5.3, and retain a copy in the bank's records. [61 FR 4862, Feb. 9, 1996, as amended at 64 FR 60099, Nov. 4, 1999; 82 FR 8104, Jan. 23, 2017; 85 FR 80470, Dec. 11, 2020; 85 FR 83735, Dec. 22, 2020]
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