12 U.S.C. · Banks and Banking
12 U.S.C. § 76

President of bank as member of board; chairman of board

Ch. 2 — NATIONAL BANKS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 2
Statutory Text

12 U.S.C. § 76 — President of bank as member of board; chairman of board

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER III - DIRECTORS Sec. 76 - President of bank as member of board; chairman of board From the U.S. Government Publishing Office, www.gpo.gov

§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.)

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."

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC12-SEC-A7B424
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
12 U.S.C. § 76
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
3cc6e63cb2bd906b...
Semantic Edges
Pending — corpus passes queued
The statutory text of 12 U.S.C. § 76 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 12
◈ Provenance
boisestandard.org United States Law U.S. Code Title 12 12 U.S.C. § 76