36 U.S. Code § 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.


(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1395.)

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

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

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

36 USCDescription of ChangeSession YearPublic LawStatutes at Large


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