FEDERAL · 36 U.S.C. · Chapter 2201
Governing body
Current through Pub. L. 119-102
(a)Board of Governors.—
(1)The board of governors is the governing body of the corporation. The board is responsible for the general policies and program of the corporation and for the control of the affairs and property of the corporation.
(2)The board shall be elected by the members of the corporation for the term and in the classes provided in the bylaws of the corporation. The board includes—
(A)six members appointed by the President;
(B)the Secretary of Defense or the Secretary's designee; and
(C)representatives of the civilian organizations listed in section 220102(4) of this title, and of the public at large, as provided in the bylaws.
(3)The corporation may have other governing bodies or committees as provided in the bylaws.
(b)Officers.—
(1)The office of honorary chairman o
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Related
§ 220102
36 U.S.C. § 220102
Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1460; Pub. L. 109–284, §5(11), Sept. 27, 2006, 120 Stat. 1212.)
Editorial Notes
In subsection (a)(1), the words "The board of governors is the governing body of the corporation" are substituted for "The management of the corporation shall be entrusted to a board of governors" for consistency in the revised title.
In subsection (a)(2), the text of 36:1305(b) (2d sentence) and the word "Thereafter" are omitted as executed and obsolete.
In subsection (b)(1), the word "offered" is substituted for "tendered" to use a more common word.
Editorial Notes
Amendments
2006—Subsec. (a)(2)(B). Pub. L. 109–284 substituted "Defense" for "State".
In subsection (a)(2), the text of 36:1305(b) (2d sentence) and the word "Thereafter" are omitted as executed and obsolete.
In subsection (b)(1), the word "offered" is substituted for "tendered" to use a more common word.
Editorial Notes
Amendments
2006—Subsec. (a)(2)(B). Pub. L. 109–284 substituted "Defense" for "State".