12 U.S. Code § 2279a–1 - Board of directors

Each merged bank shall elect a board of directors of such number, for such term, in such manner, and with such qualifications, as may be required in its bylaws, except that at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, or stockholder of a System institution.

Source

(Pub. L. 92–181, title VII, § 7.1, as added Pub. L. 100–233, title IV, § 416,Jan. 6, 1988, 101 Stat. 1645; amended Pub. L. 100–399, title IV, § 408(c),Aug. 17, 1988, 102 Stat. 1001.)
Amendments

1988—Pub. L. 100–399struck out “for the district” in section catchline and amended text generally, revising and restating as a single unlettered paragraph provisions of former subsecs. (a) and (b).
Effective Date of 1988 Amendment

Amendment by Pub. L. 100–399effective as if enacted immediately after enactment of Pub. L. 100–233, which was approved Jan. 6, 1988, see section 1001(a) ofPub. L. 100–399, set out as a note under section 2002 of this title.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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12 USCDescription of ChangeSession YearPublic LawStatutes at Large

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12 CFR - Banks and Banking

12 CFR Part 611 - ORGANIZATION

12 CFR Part 619 - DEFINITIONS

 

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