36 U.S. Code § 152504 - 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. Except as provided in subsection (c) of this section, the board is responsible for all funds of the corporation.
(1) The officers of the corporation are a chairman of the board of directors, a president, three or more vice presidents as provided in the constitution and bylaws, a secretary, a treasurer, and an executive vice president. Their duties are as provided in the constitution and bylaws.
Source(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1416.)
|Revised Section||Source (U.S. Code)||Source (Statutes at Large)|
|Aug. 13, 1953, ch. 429, §§ 7–9, 67 Stat. 571.|
In subsection (a), the text of 36:467(a) is omitted as obsolete. In paragraph (1), the word “funds” is substituted for “finance” for consistency in the revised title.