36 U.S.C. § 30104: Governing body

Summary

The board of directors runs the corporation. The constitution and bylaws decide the board’s powers, how many directors there are, how they are chosen or replaced, and how long they serve. The corporation must have a chair, a president, one or more vice presidents, a secretary, and a treasurer. The constitution and bylaws also set how officers are elected, their terms, and their duties.

Title 36, §30104

Patriotic and National Observances, Source: USLM XML via OLRC

(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.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 30104(a)36:887.Sept. 2, 1958, Pub. L. 85–870, § 7, 72 Stat. 1692; Nov. 11, 1977, Pub. L. 95–167, § 1(d), 91 Stat. 1347. 30104(b)36:888.Sept. 2, 1958, Pub. L. 85–870, § 8, 72 Stat. 1693. In subsection (a), the text of 36:887(a) is omitted as executed and obsolete. In paragraph (1), the word “governing” is substituted for “managing” for consistency in the revised title.

§30104 Governing Body

Summary

Title 36, §30104

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata