FEDERAL · 36 U.S.C. · Chapter 307
Governing body
Current through Pub. L. 119-102
(a)Board of Directors.—The board of directors is the governing body of the corporation. The board shall consist of at least 15 directors elected annually by the members.
(b)Officers.—The officers of the corporation are a chairman of the board, a president, one or more vice presidents, a secretary, a treasurer, and any assistant officers designated by the board. The officers have the powers and shall carry out the duties provided in the bylaws or prescribed by the board.
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36 U.S.C. § 30704 (Governing body) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1323.)
Editorial Notes
In subsection (a), the words "The board of directors is the governing body of the corporation" are substituted for "The corporation shall be governed by a board of directors" for consistency in the revised title.
In subsection (b), the words "from time to time" are omitted as unnecessary.
In subsection (b), the words "from time to time" are omitted as unnecessary.