Title 12 — Banks and BankingRelease 119-73not60
§74 Vacancies
Title 12 › Chapter 2— NATIONAL BANKS › Subchapter III— DIRECTORS › § 74
Summary
When a board seat becomes empty, the other board members must pick someone to fill it. The person they choose stays in the job until the next election.
Full Legal Text
Title 12, §74
Banks and Banking — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification R.S. § 5148 derived from act June 3, 1864, ch. 106, § 10, 13 Stat. 102, which was the National Bank Act. See section 38 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 74
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60