36 U.S. Code § 300109 - Endowment fund

The endowment fund of the corporation shall be kept and invested under the management and control of a board of trustees elected by the board of governors. The corporation shall prescribe policies and regulations on terms and tenure of office, accountability, and expenses of the board of trustees.

Source

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1493; Pub. L. 110–26, § 9,May 11, 2007, 121 Stat. 109.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
300109
36:9.
Jan. 5, 1905, ch. 23, § 8, as added June 23, 1910, ch. 372, § 2, 36 Stat. 604; May 8, 1947, ch. 50, § 7, 61 Stat. 83.

The words “from time to time” are omitted [as] unnecessary.
Amendments

2007—Pub. L. 110–26struck out “nine” before “trustees elected” in first sentence and substituted “The corporation shall prescribe policies and regulations on terms and tenure of office, accountability, and expenses of the board of trustees.” for “The board of governors shall prescribe regulations on terms and tenure of office, accountability, and expenses of the board of trustees.”

 

LII has no control over and does not endorse any external Internet site that contains links to or references LII.