54 U.S.C. § 101115 — Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

FEDERAL · 54 U.S.C. · Chapter SUBCHAPTER II—NATIONAL PARK FOUNDATION

Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

54 U.S.C. § 101115

Title54 — National Park Service and Related Programs

ChapterSUBCHAPTER II—NATIONAL PARK FOUNDATION

This text of 54 U.S.C. § 101115 (Corporate succession and powers and duties acting as trustee; personal liability for malfeasance) 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

54 U.S.C. § 101115.

Text

(a)Perpetual Succession.—The National Park Foundation shall have perpetual succession.

(b)Powers and Duties of Trustee.—The National Park Foundation shall have all the usual powers and obligations of a corporation acting as a trustee, including the power to sue and to be sued in its own name.

(c)Personal Liability of Board Members.—The members of the Board shall not be personally liable, except for malfeasance.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Perpetual Succession.—The National Park Foundation shall have perpetual succession.
(b) Powers and Duties of Trustee.—The National Park Foundation shall have all the usual powers and obligations of a corporation acting as a trustee, including the power to sue and to be sued in its own name.
(c) Personal Liability of Board Members.—The members of the Board shall not be personally liable, except for malfeasance.

Source Credit

History

(Pub. L. 113–287, §3, Dec. 19, 2014, 128 Stat. 3121.)

Cite This Page — Counsel Stack

Bluebook (online)

54 U.S.C. § 101115, Counsel Stack Legal Research, https://law.counselstack.com/usc/54/101115.