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36 U.S.C. § 30104 — Governing body

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 126 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law says who runs the corporation. A board of directors governs it, following the corporation's constitution and bylaws. The corporation also has officers like a chairman, president, secretary, and treasurer.

(a) Board of Directors. The board of directors is the corporation's governing body. The board's powers, duties, and responsibilities come from the corporation's constitution and bylaws. How many directors there are, how they're chosen (including how empty seats get filled), and how long they serve are all set out in the constitution and bylaws. (b) Officers. The corporation's officers are a chairman of the board, a president, one or more vice presidents (as the constitution and bylaws provide), a secretary, and a treasurer. How officers are elected, how long they serve, and what their duties are come from the constitution and bylaws.
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 powers, duties, and responsibilities of the board are as provided in the constitution and bylaws of the corporation.

(2)

The number of directors is as provided in the constitution. Their manner of selection (including the filling of vacancies) and their term of office are as provided in the constitution and bylaws.

(b)Officers.—
(1)

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

(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. 1315.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1315

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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