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.


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


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