Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 7  /  Sec. 7.2009 Quorum of the board of directors; proxies not permissible.

A national bank shall 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.