54 U.S.C. § 101115 — Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

submitted 12 years ago by Pub. L. 113-287 to r/title-54-NATIONAL-PARK-SERVICE-AND-RELATED-PROGRAMS · 71 words · no verdicts yet

in plain englishAI-generated · not legal advice

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

(a)Perpetual Succession.—

The National Park Foundation shall have perpetual succession.

(b)Powers and Duties of Trustee.—

The National Park Foundation shall have all the usual powers and obligations of a corporation acting as a trustee, including the power to sue and to be sued in its own name.

(c)Personal Liability of Board Members.—

The members of the Board shall not be personally liable, except for malfeasance.

Source credit: (Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3121.)

history & why it existsrecord from the source credit

2014Enacted · Pub. L. 113-287 · 128 Stat. 3121

A history note hasn’t been published yet. The record shows enactment by Pub. L. 113-287 on 2014-12-19.

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