FEDERAL · 36 U.S.C. · Chapter 3001
Endowment fund
Current through Pub. L. 119-102
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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36 U.S.C. § 300109 (Endowment fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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."