36 U.S.C. § 210104Chapter 2101

§210104. Governing body

Primary source

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

Full Text

§210104. Governing body

(a) Board of Trustees.—A self-perpetuating board of trustees shall manage and direct the property and affairs of the corporation.

(b) Powers.—The board of trustees may adopt and amend a constitution, bylaws, and regulations for—

(1) the selection of successor trustees;

(2) the admission of members;

(3) the election of officers; and

(4) the conduct of the affairs of the corporation.

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
210104	36:4704 (1st par., last par. less regulations for membership).	May 31, 1920, ch. 216, §4 (1st par., last par. less regulations for membership), 41 Stat. 693.

The text of 36:4704 (2d sentence) is omitted as executed and obsolete.

In subsection (b), before clause (1), the words "adopt and amend" are substituted for "adopt from time to time . . . and alter, amend, or repeal" for consistency in the revised title and to eliminate unnecessary words. The word "rules" is omitted as included in "regulations".

Last amended: December 31, 2024

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