44 U.S. Code § 2303 - Powers and obligations of the Board; liability of members
Except as otherwise provided by this chapter, the Board shall have all the usual powers and obligations of a trustee with respect to property and funds administered by it, but the members of the Board are not personally liable, except for malfeasance.
Based on 44 U.S. Code, 1964 ed., § 300ff (July 9, 1941, ch. 284, § 6, 55 Stat. 582).
1984—Pub. L. 98–497 amended section generally, inserting “Except as otherwise provided by this chapter,”.