12 U.S.C. § 1761a — Officers of the board
submitted 92 years ago by Pub. L. 86-354 to r/title-12-BANKS-AND-BANKING · 82 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
At their first meeting after the annual meeting of the members, the directors shall elect from their number the board* officers specified in the bylaws. Only one board officer may be compensated as an officer of the board and the bylaws shall specify such position as well as the specific duties of each of the board officers. The board shall elect from their number a financial officer who shall give adequate fidelity coverage in accordance with section 1761b(2) of this title.
Source credit: (June 26, 1934, ch. 750, title I, § 112, formerly § 13, as added Pub. L. 86–354, § 1, Sept. 22, 1959, 73 Stat. 632; amended Pub. L. 88–150, § 2, Oct. 17, 1963, 77 Stat. 270; Pub. L. 91–206, § 2(1), Mar. 10, 1970, 84 Stat. 49; renumbered title I, § 112, Pub. L. 91–468, § 1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 95–630, title V, § 502(b), Nov. 10, 1978, 92 Stat. 3681; Pub. L. 97–320, title V, § 521, Oct. 15, 1982, 96 Stat. 1531; Pub. L. 100–86, title VII, § 704(a), Aug. 10, 1987, 101 Stat. 652.)
- 1934Enacted · Pub. L. 86-354 · 73 Stat. 632
- 1963Amended · Pub. L. 88-150 · 77 Stat. 270
- 1970Amended · Pub. L. 91-206 · 84 Stat. 49
- 1970Amended · Pub. L. 91-468 · 84 Stat. 994
- 1978Amended · Pub. L. 95-630 · 92 Stat. 3681
- 1982Amended · Pub. L. 97-320 · 96 Stat. 1531
- 1987Amended · Pub. L. 100-86 · 101 Stat. 652
A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-354 on 1934-06-26.
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