FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER III—DIRECTORS
President of bank as member of board; chairman of board
12 U.S.C. § 76
Title12 — Banks and Banking
ChapterSUBCHAPTER III—DIRECTORS
This text of 12 U.S.C. § 76 (President of bank as member of board; chairman of board) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 76.
Text
The president of the bank shall be a member of the board and shall be the chairman thereof, but the board may designate a director in lieu of the president to be chairman of the board, who shall perform such duties as may be designated by the board.
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History
(R.S. §5150; Feb. 25, 1927, ch. 191, §6, 44 Stat. 1228.)
Editorial Notes
Editorial Notes
Codification
R.S. §5150 derived from act June 3, 1864, ch. 106, §9, 13 Stat. 102, which was the National Bank Act. See section 38 of this title.
Amendments
1927—Act Feb. 25, 1927, amended section generally. Prior to amendment, section read as follows: "One of the directors, to be chosen by the board, shall be president of the board."
Codification
R.S. §5150 derived from act June 3, 1864, ch. 106, §9, 13 Stat. 102, which was the National Bank Act. See section 38 of this title.
Amendments
1927—Act Feb. 25, 1927, amended section generally. Prior to amendment, section read as follows: "One of the directors, to be chosen by the board, shall be president of the board."
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Bluebook (online)
12 U.S.C. § 76, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/76.