Beta! The text on the eCFR tab represents the unofficial eCFR text at ecfr.gov.
§ 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.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.