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 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.