36 U.S.C. § 300109 — Endowment fund
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 48 words · no verdicts yet
The Red Cross's endowment fund is managed and invested by a board of trustees, chosen by the board of governors. The corporation sets the rules for the trustees' terms, accountability, and expenses.
The corporation's endowment fund must be kept and invested under the management and control of a board of trustees, elected by the board of governors. The corporation sets the policies and regulations governing the trustees' terms and tenure of office, their accountability, and their expenses.
The endowment fund of the corporation shall be kept and invested under the management and control of a board of trustees elected by the board of governors. The corporation shall prescribe policies and regulations on terms and tenure of office, accountability, and expenses of the board of trustees.
Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1493; Pub. L. 110–26, § 9, May 11, 2007, 121 Stat. 109.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1493
- 2007Amended · Pub. L. 110-26 · 121 Stat. 109
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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