12 USC § 76 - President of bank as member of board; chairman of board

---
identifier: "/us/usc/t12/s76"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 76 - President of bank as member of board; chairman of board"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "76"
section_name: "President of bank as member of board; chairman of board"
chapter_number: 2
chapter_name: "NATIONAL BANKS"
subchapter_number: "III"
subchapter_name: "DIRECTORS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(R.S. § 5150; Feb. 25, 1927, ch. 191, § 6, 44 Stat. 1228.)"
---


# § 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.

---

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

## Editorial Notes

### Codification

R.S. § 5150 derived from , , which was the National Bank Act. See .

### Amendments

1927—Act , 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.”