12 C.F.R. § 7.2012 President as director; chief executive officer.
Title 12 - Banks and Banking
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: Banks and Banking
PART 7—BANK ACTIVITIES AND OPERATIONS
Subpart B—Corporate Practices
§ 7.2012 President as director; chief executive officer.
