independent director
Defined in 1 place of the United States Code.
The terms “independent director” and “independent directorship” mean a member of the board of directors of a Federal Home Loan Bank who is a bona fide resident of the district in which the Federal Home Loan Bank is located, or the directorship held by such a person, respectively.
Source
- 2008–present12 U.S.C. § 1427Banks and Banking · Directors · for purposes of this section