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U.S. Code, Title 12, Banks and Banking
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 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.
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."
Contents:
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 July 2, 2025, 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. 2 Jul. 2025. 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 2 July 2025, from http://www.originalsources.com/Document.aspx?DocID=3WIBKJ6PZLWD9YA.
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