12 C.F.R. § 7.2012

Current through April 30, 2024
Section 7.2012 - President as director of a national bank

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.

12 C.F.R. §7.2012

85 FR 83735, Dec. 22, 2020
85 FR 83735, 4/1/2021