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.
Title 12
12
12 U.S.C. § 76.Chapter 2
§ 76
President of bank as member of board; chairman of board
Title 12
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Subchapter: DIRECTORS
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