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524.1806 Banks owned or controlled---officers and directors.

If any individual is a director or an officer, or both, of a bank holding company, or of a bank which is owned or controlled by a bank holding company in any manner, and to the extent, specified by section 524.1801, such individual shall also be deemed to be a director or an officer, or both, as the case may be, of each bank so owned or controlled by that bank holding company, for the purposes of sections 524.612, 524.613 and 524.706.

Section History: Early form

[C73, 75, 77, 79, 81, § 524.1806]

Internal References

Referred to in § 524.1801, 524.1807, 524.1906

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