36 U.S.C. § 152504 — Governing body

(a) Board of Directors — The board of directors is the corporation's governing body. Between meetings of the full corporation, the board sets general policy and runs the program. Except as subsection (c) says, the board controls all the corporation's funds. The board must have at least 15 directors. How they are chosen, how vacancies get filled, and how long they serve all follow the corporation's constitution and bylaws. (b) Officers — The corporation's officers are a chairman of the board, a president, three or more vice presidents (as the constitution and bylaws set), a secretary, a treasurer, and an executive vice president. Their duties follow the constitution and bylaws. Except for the executive vice president, officers are elected at the corporation's annual meeting. The board of directors elects the executive vice president, the way the constitution and bylaws provide. (c) Trustees — The corporation must have at least 15 trustees. How they are chosen and how long they serve follow the constitution and bylaws. The trustees have full power over any contributed funds that they personally raise.