12 CFR § 7.2010 Activities and Operations

§ 7.2010 National bank directors' responsibilities.

Current through Oct 1, 2026 · Read all of Part 7

⚠ 1 pending change to Part 7

The business and affairs of a national bank must be managed by or under the direction of the board of directors. The board of directors should refer to OCC published guidance for additional information regarding responsibilities of directors.

[61 FR 4862, Feb. 9, 1996, as amended at 85 FR 83735, Dec. 22, 2020]

← § 7.2009 Quorum of a national bank board of directors; proxies not permissible.§ 7.2011 National bank compensation plans. →