{"data":{"id":"us/12-cfr-7.2009","jurisdiction":"us","citation":"12 CFR 7.2009","heading":"Quorum of a national bank board of directors; proxies not permissible.","body":"A national bank must 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.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 7—ACTIVITIES AND OPERATIONS","Subpart B—Corporate Practices"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"930ac021f8522824d601a78040671ed9aa3f797c2f2452b723403dca20c33ce1","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-7.2008","next":"us/12-cfr-7.2010"},"notice":"GroundRules: Original legal text. Not legal advice."}