§ 7.2009 - Quorum of a national bank board of directors; proxies not permissible.

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§ 7.2009 Quorum of the a national bank board of directors; proxies not permissible.
Cross Reference
Link to an amendment published at 85 FR 83735, Dec. 22, 2020.
A national bank shall must 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.
[61 FR 4862, Feb. 9, 1996, as amended at 85 FR 83735, Dec. 22, 2020]

                    
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§ 7.2009 - Quorum of a national bank board of directors; proxies not permissible.

§ 7.2009 Quorum of the a national bank board of directors; proxies not permissible.

Cross Reference