16 U.S. Code § 19i - Corporate succession; powers and duties of trustee; suits; personal liability for malfeasance

The Foundation shall have perpetual succession, with 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, but the members of the Board shall not be personally liable, except for malfeasance.

Source

(Pub. L. 90–209, § 5,Dec. 18, 1967, 81 Stat. 657.)

 

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