36 U.S.C. § 150904Chapter 1509

§150904. Governing body

Primary source

Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.

Full Text

§150904. Governing body

(a) Board of Directors.—(1) The board of directors is the governing body of the corporation. Between meetings of the corporation, the board is responsible for the general policies and program of the corporation. The board is responsible for the control of all funds of the corporation.

(2) The selection of directors and their term of office are as provided in the bylaws.

(b) Officers.—(1) The officers of the corporation are a president, one or more vice presidents, a secretary, a treasurer, and other officers as provided in the bylaws. Their duties are as provided in the bylaws.

(2) The officers shall be elected at the annual meeting of the corporation.

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
150904(a)	36:4507.	July 14, 1964, Pub. L. 88–376, §§7, 8, 78 Stat. 322.
150904(b)	36:4508.

In subsection (a), the text of 36:4507(a) is omitted as obsolete.

Last amended: December 31, 2024

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.