36 U.S. Code § 210104 - Governing body

§ 210104.
Governing body
(a)Board of Trustees.—
A self-perpetuating board of trustees shall manage and direct the property and affairs of the corporation.
(b)Powers.—The board of trustees may adopt and amend a constitution, bylaws, and regulations for—
the selection of successor trustees;
the admission of members;
the election of officers; and
the conduct of the affairs of the corporation.

Historical and Revision Notes



Source (U.S. Code)

Source (Statutes at Large)


36:4704 (1st par., last par. less regulations for membership).

May 31, 1920, ch. 216, § 4 (1st par., last par. less regulations for membership), 41 Stat. 693.

The text of 36:4704 (2d sentence) is omitted as executed and obsolete.

In subsection (b), before clause (1), the words “adopt and amend” are substituted for “adopt from time to time . . . and alter, amend, or repeal” for consistency in the revised title and to eliminate unnecessary words. The word “rules” is omitted as included in “regulations”.


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