12 CFR 7.2009 - Quorum of the board of directors; proxies not permissible.

§ 7.2009 Quorum of the board of directors; proxies not permissible.
A national bank shall provide in its articles of association or bylaws that for the transaction of business, a quorum of the board of directors is at least a majority of the entire board then in office. A national bank director may not vote by proxy.

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

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