12 CFR 161.18
§ 161.18 Director.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 161.18, § 161.18 Director, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43842
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Full text
(a) The term director means any director, trustee, or other person performing similar functions with respect to any organization whether incorporated or unincorporated. Such term does not include an advisory director, honorary director, director emeritus, or similar person, unless the person is otherwise performing functions similar to those of a director.
(b) [Reserved]
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.