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12 U.S.C. § 2279a–1 — Board of directors

submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 57 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

Each merged bank shall elect a board of directors of such number, for such term, in such manner, and with such qualifications, as may be required in its bylaws, except that at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, or stockholder of a System institution.

Source credit: (Pub. L. 92–181, title VII, § 7.1, as added Pub. L. 100–233, title IV, § 416, Jan. 6, 1988, 101 Stat. 1645; amended Pub. L. 100–399, title IV, § 408(c), Aug. 17, 1988, 102 Stat. 1001.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 92-181 · 101 Stat. 1645
  • 1988Amended · Pub. L. 100-399 · 102 Stat. 1001

A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-181 on 1988-01-06.

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