Regulatory Text
12 C.F.R. § 7.2009 — Quorum of a national bank board of directors; proxies not permissible.
§ 7.2009 Quorum of a national bank board of directors; proxies not permissible. A national bank 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]
Source: ecfr.gov · govinfo.gov — public domain
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Root-LD Entity Data
◈ Machine-Readable Provenance Record
Root-LD v1.0 · boisestandard.org
Federation ID
BS-CFR12-SEC-5EDD28
Entity Class
REGULATION / FEDERAL-CFR-SECTION
Domain Signature
boisestandard.org
Citation
12 C.F.R. § 7.2009
Corpus
CFR — Code of Federal Regulations
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✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
ba09c43b4e2b721c...
Semantic Edges
Pending — corpus passes queued
The regulatory text of 12 C.F.R. § 7.2009 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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Title 12 — Banks and Banking
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12 C.F.R. — public domain
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