{"data":{"id":"us/12-cfr-7.2012","jurisdiction":"us","citation":"12 CFR 7.2012","heading":"President as director of a national bank.","body":"Pursuant to 12 U.S.C. 76, the person serving as, or in the function of, president of a national bank, regardless of title, must be a member of the board of directors. A director other than the person serving as, or in the function of, president may be elected chairman of the board.","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":"7af35e7ced4966e6df0d289db024d68b0e4fec51efa4e6863c87d86cd9cc14e5","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-7.2011","next":"us/12-cfr-7.2013"},"notice":"GroundRules: Original legal text. Not legal advice."}