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36 U.S.C. § 154104 — Governing 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

A board of directors with 10 to 25 members governs the corporation and controls its funds. Officers include a president, vice presidents, a secretary, and a treasurer.

(a) Board of Directors. (1) The board of directors is the governing body of the corporation. It is responsible for the corporation's general policies and program, and it controls all of the corporation's funds. (2) The constitution and bylaws set the number of directors, how they are chosen (including filling vacancies), and their term of office. But the board must have at least 10 directors and not more than 25. (b) Officers. (1) The corporation's officers are a president, one or more vice presidents as the constitution and bylaws provide, a secretary, a treasurer, and any other officers the constitution and bylaws create. (2) The constitution and bylaws decide how officers are elected, their term of office, and their duties.
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. The board is responsible for the general policies and program of the corporation and 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. However, the board shall have at least 10 but not more than 25 directors.

(b)Officers.—
(1)

The officers of the corporation are a president, one or more vice presidents as provided in the constitution and bylaws, a secretary, a treasurer, and other officers as provided in the constitution and bylaws.

(2)

The manner of election, term of office, and duties of the officers are as provided in the constitution and bylaws.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1432.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1432

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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