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12 U.S.C. § 2279a–1

Board of directors

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 2279a–1, Board of directors, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438310
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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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.

  • Amended byPub. L. 100-233(H.R. 3030)1988-01-06
    Agricultural Credit Act of 1987
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 100-399(H.R. 3980)1988-08-17
    Agricultural Credit Technical Corrections Act of 1988
    House: no recorded tallySenate: no recorded tally