12 CFR 7.2012 - President as director of a national bank.

Regulations last checked for updates: May 03, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025

View all text of Subpart B [§ 7.2000 - § 7.2025]

§ 7.2012 - President as director of a national bank.

Pursuant to 12 U.S.C. 76,the,or,president,regardless,must. 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]

authority: 12 U.S.C. 1

source: 61 FR 4862, Feb. 9, 1996, unless otherwise noted.

cite as: 12 CFR 7.2012