Statute · United States Code
12 U.S.C. § 76 — President of bank as member of board; chairman of board
12 U.S.C. § 76
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- general
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.
Citator
12 U.S.C. § 76 — President of bank as member of board; chairman of board is in force in the current edition of the Code, and nothing recorded condemns it.
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.