[Code of Federal Regulations] [Title 12, Volume 6] [Revised as of January 1, 2006] From the U.S. Government Printing Office via GPO Access [CITE: 12CFR611.1030] [Page 60] TITLE 12--BANKS AND BANKING CHAPTER VI--FARM CREDIT ADMINISTRATION PART 611_ORGANIZATION--Table of Contents Subpart F_Bank Mergers, Consolidations and Charter Amendments Sec. 611.1030 Board of directors of an agricultural credit bank. Each agricultural credit bank formed by the consolidation of a Farm Credit Bank and a bank for cooperatives 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. In electing such directors each association shall be entitled to cast a number of votes equal to the number of its voting stockholders. [53 FR 50393, Dec. 15, 1988, as amended at 61 FR 67185, Dec. 20, 1996]