Honorary national bank directors or advisory boards.

1. Law
2. CFR 12
3. Banks and Banking
4. Comptroller of the Currency, Department of the Treasury
5. Activities and Operations
6. Corporate Practices
7. Honorary national bank directors or advisory boards.

§ 7.2004 Honorary national bank directors or advisory boards.

A national bank may appoint honorary or advisory members of a board of directors to act in advisory capacities without voting power or power of final decision in matters concerning the business of the bank. Any listing of honorary or advisory directors must distinguish between them and the bank's board of directors or indicate their advisory status.

Download our app to see the most-to-date content.