Regulations last checked for updates: Oct 18, 2024

Title 12 - Banks and Banking last revised: Oct 15, 2024
All TitlesTitle 12Chapter IPart 7Subpart B - Subpart B—Corporate Practices
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
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