Code of Federal Regulations · Section
§ 7.2012 — President As Director Of A National Bank
12 C.F.R. § 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.
Authorizing Statute
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President of bank as member of board; chairman of board12 U.S.C. § 76
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Office of the Comptroller of the Currency12 U.S.C. § 1