36 U.S.C. § 150904 — Governing body
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 114 words · no verdicts yet
A board of directors governs the corporation, sets its policies between meetings, and controls its funds. The bylaws decide how directors are chosen and how long they serve. Officers — a president, vice presidents, a secretary, and a treasurer — are elected each year at the annual meeting.
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.
The selection of directors and their term of office are as provided in the bylaws.
The officers of the corporation are a president, one or more vice presidents, a secretary, a treasurer, and other officers as provided in the bylaws. Their duties are as provided in the bylaws.
The officers shall be elected at the annual meeting of the corporation.
Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1395.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1395
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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