§ 7.2004 - Honorary national bank directors or advisory boards.

§ 7.2004 Honorary national bank directors or advisory boards.

Cross Reference

Link to an amendment published at 85 FR 83734, Dec. 22, 2020.

A national bank may appoint honorary or advisory members of a board of directors to act in advisory capacities without voting power or power of final decision in matters concerning the business of the bank. Any listing of honorary or advisory directors must distinguish between them and the bank's board of directors or indicate their advisory status.