36 U.S.C. § 20104 — Governing body

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 178 words · no verdicts yet

in plain englishAI-generated · not legal advice

A board of governors sets policy and controls the corporation's money between member meetings. The board must have at least 15 members and can create committees. Officers include a president, vice presidents, a secretary, and a treasurer.

(a) Board of Governors. (1) The board of governors runs the corporation. Between meetings of the corporation's members, the board is responsible for the corporation's general policies and program, and for controlling all of its money. (2) The bylaws decide how many governors there are, how they're chosen (including how empty seats get filled), and how long they serve. But the board must have at least 15 members. (3) The board can create committees. Each committee has whatever powers the bylaws or a board resolution give it — which can include all of the board's own powers. (b) Officers. (1) The corporation's officers are a president, one or more vice presidents as the bylaws set, a secretary, a treasurer, one or more assistant secretaries and assistant treasurers, and any other officers the bylaws create. (2) How officers are elected, how long they serve, and what their duties are is all set by the bylaws.

the actual law source: uscode.house.gov ↗public domain

(a)Board of Governors.—

(1)

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

(2)

The number of governors, their manner of selection (including the filling of vacancies), and their term of office are as provided in the bylaws. However, the board shall have at least 15 members.

(3)

The board may appoint committees. Each committee has the powers provided in the bylaws or by resolution of the board. The powers of a committee may include all the powers of the board.

(b)Officers.—

(1)

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

(2)

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

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1284.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1284

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

all 0 arguments · sorted by: best

no arguments yet — make the first case