U.S. Code, Title 12, Banks and Banking

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Author: "U.S. Congress, Office of the Law Revision Counsel"

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§ 76. President of Bank as Member of Board; Chairman of Board

     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.

(R.S. § 5150; Feb. 25, 1927, ch. 191, § 6, 44 Stat. 1228.)

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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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 76. President of Bank as Member of Board; Chairman of Board," U.S. Code, Title 12, Banks and Banking in U.S. Code, Title 12, Banks and Banking (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed August 17, 2022, http://www.originalsources.com/Document.aspx?DocID=3WIBKJ6PZLWD9YA.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 76. President of Bank as Member of Board; Chairman of Board." U.S. Code, Title 12, Banks and Banking, in U.S. Code, Title 12, Banks and Banking, Washington, D.C., Government Printing Office, 2002, Original Sources. 17 Aug. 2022. http://www.originalsources.com/Document.aspx?DocID=3WIBKJ6PZLWD9YA.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 76. President of Bank as Member of Board; Chairman of Board' in U.S. Code, Title 12, Banks and Banking. cited in 2002, U.S. Code, Title 12, Banks and Banking, Government Printing Office, Washington, D.C.. Original Sources, retrieved 17 August 2022, from http://www.originalsources.com/Document.aspx?DocID=3WIBKJ6PZLWD9YA.