2013 US Code
Title 12 - Banks and Banking
Chapter 2 - NATIONAL BANKS (§§ 21 - 216d)
Subchapter III - DIRECTORS (§§ 71 - 78)
Section 76 - President of bank as member of board; chairman of board
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER III - DIRECTORS Sec. 76 - President of bank as member of board; chairman of board |
| Contains | section 76 |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | R.S. §5150; Feb. 25, 1927, ch. 191, §6, 44 Stat. 1228. |
| Statutes at Large References | 13 Stat. 102 44 Stat. 1228 |
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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.)
CODIFICATIONR.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.
AMENDMENTS1927—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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