---
kind: "section"
citation: "12 U.S.C. § 76"
title: "12"
title_heading: "Banks and Banking"
number: "76"
heading: "President of bank as member of board; chairman of board"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/76"
units:
  - "Chapter 2 — National Banks"
  - "Subchapter III — Directors"
---

# §76. President of bank as member of board; chairman of board


The president of the bank shall be a member of the [board](/usc/12/1861.md?p=b-3) and shall be the chairman thereof, but the [board](/usc/12/1861.md?p=b-3) may designate a [director](/usc/12/5481.md?p=10) in lieu of the president to be chairman of the [board](/usc/12/1861.md?p=b-3), who shall perform such duties as may be designated by the [board](/usc/12/1861.md?p=b-3).


## Source credit

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

## Notes

### 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.”