FEDERAL · 36 U.S.C. · Chapter 3001
Endowment fund
36 U.S.C. § 300109
Title36 — Patriotic and National Observances
Chapter3001 — THE AMERICAN NATIONAL RED CROSS
Current throughPub. L. 119-99
This text of 36 U.S.C. § 300109 (Endowment fund) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
36 U.S.C. § 300109.
Text
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.
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Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1493; Pub. L. 110–26, §9, May 11, 2007, 121 Stat. 109.)
Editorial Notes
The words "from time to time" are omitted [as] unnecessary.
Editorial Notes
Amendments
2007—Pub. L. 110–26 struck 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."
Editorial Notes
Amendments
2007—Pub. L. 110–26 struck 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."
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Bluebook (online)
36 U.S.C. § 300109, Counsel Stack Legal Research, https://law.counselstack.com/usc/36/300109.