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36 U.S.C. § 130504Governing body

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 139 words · no verdicts yet

in plain englishAI-generated · not legal advice

The board governs the corporation, handles general policies and programs between meetings, and controls all funds. It must have at least 13 directors. The listed officers are elected each year at the annual meeting, and their duties come from the constitution and bylaws.

(a) Board of directors.—(1) The board is the corporation’s governing body. Between corporation meetings, it is responsible for general policies and the program and controls all funds. (2) The constitution and bylaws set the number, selection, vacancy filling, and terms of directors, but the board must have at least 13 directors. (b) Officers.—(1) The officers are a board chair, president, vice president, and secretary-treasurer. Their duties are in the constitution and bylaws. (2) The corporation elects the officers each year at its annual meeting.
the actual law source: uscode.house.gov ↗public domain
(a)Board of Directors.—
(1)

The board of directors is the governing body of the corporation. Between meetings of the corporation, the board is responsible for the general policies and program of the corporation. The board is responsible for the control of all funds of the corporation.

(2)

The number of directors, their manner of selection (including the filling of vacancies), and their term of office are as provided in the constitution and bylaws of the corporation. However, the board shall have at least 13 directors.

(b)Officers.—
(1)

The officers of the corporation are a chairman of the board of directors, a president, a vice president, and a secretary-treasurer. Their duties are as provided in the constitution and bylaws of the corporation.

(2)

The officers shall be elected annually at the annual meeting of the corporation.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1377.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1377

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.

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