§130504 — Title 36 Patriotic and National Observances | U.S. Code

Summary

The board of directors runs the corporation, sets policy between meetings, and controls its money. The constitution and bylaws set director numbers, selection, vacancies, and terms, but there must be at least 13. Officers — chairman, president, vice president, and secretary‑treasurer — have duties under the constitution and bylaws and are elected annually.

Title 36, §130504

Patriotic and National Observances — Source: USLM XML via OLRC

(a)(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 number of directors, their manner of selection (including the filling of vacancies), and their term of office are as provided in the constitution and bylaws of the corporation. However, the board shall have at least 13 directors.

(b)(1)The officers of the corporation are a chairman of the board of directors, a president, a vice president, and a secretary-treasurer. Their duties are as provided in the constitution and bylaws of the corporation.

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

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 130504(a)36:1077.July 16, 1964, Pub. L. 88–378, §§ 7, 8, 78 Stat. 326. 130504(b)36:1078. In subsection (a), the text of 36:1077(a) and the word “Thereafter” in 36:1077(b) are omitted as executed and obsolete. In paragraph (2), the word “filling” is substituted for “filing” to correct an error in the United States Code.

§130504 Governing Body

Summary

Title 36, §130504

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata