12 CFR 7.2012 - President as director; chief executive officer.
Pursuant to 12 U.S.C. 76, the president of a national bank must be a member of the board of directors, but a director other than the president may be elected chairman of the board. A person other than the president may serve as chief executive officer, and this person is not required to be a director of the bank.
Title 12 published on 2013-01-01
no entries appear in the Federal Register after this date.