12 U.S.C. § 74

Vacancies

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Any vacancy in the board shall be filled by appointment by the remaining directors, and any director so appointed shall hold his place until the next election.

Notes of Decisions

Cited in 1 case, 1985–1985 · leading case: Lee v. Schmidt-Wenzel

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Lee v. Schmidt-Wenzel (1985) ca9 “All that remained was the declaratory judgment claim against Schmidt-Wenzel and Harter to declare that the appointment of the three directors was invalid because it allegedly violated section 74 of the National Banking Act, 12 U.S.C. § 74 (1982). The issue in this declaratory…”

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