Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
44 lines
1.7 KiB
Markdown
44 lines
1.7 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 76"
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description: "President of bank as member of board; chairman of board"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "2"
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chapter_name: "NATIONAL BANKS"
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section: "76"
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citation: "12 U.S.C. § 76"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s76"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "423b34eaca818abe85031d25b098b56c63f95ca44a986ffff5905fd71a4316ba"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "d30f088496526dd1aefee792c79d61af2fd08cb21ee0ee89f2637467473ac1c4"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 76 - President of bank as member of board; chairman of board
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## Text
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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.
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(R.S. § 5150; Feb. 25, 1927, ch. 191, § 6, 44 Stat. 1228.)
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## Notes
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Editorial Notes
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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.
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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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