Us Code § 152504 - Governing body

Full text of Us Code United States Code § 152504 — Governing body, with citation guidance and answers to common questions.

§ 152504. Governing body

(a) Board of Directors.—(1) The board of directors is the governing body of the corporation. Between meetings of the corporation, the board is responsible for the general policies and program of the corporation. Except as provided in subsection (c) of this section, the board is responsible for all funds of the corporation.

(2) The board shall consist of at least 15 directors. Their manner of selection (including the filling of vacancies) and term of office are as provided in the constitution and bylaws of the corporation.

(b) Officers.—(1) The officers of the corporation are a chairman of the board of directors, a president, three or more vice presidents as provided in the constitution and bylaws, a secretary, a treasurer, and an executive vice president. Their duties are as provided in the constitution and bylaws.

(2) Except for the executive vice president, the officers shall be elected at the annual meeting of the corporation. The executive vice president shall be elected by the board of directors in the manner provided in the constitution and bylaws.

(c) Trustees.—The corporation shall have at least 15 trustees. Their manner of selection and term of office are as provided in the constitution and bylaws. The trustees have full power and control over contributed funds that they raise.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1416.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
152504(a) 36:467. Aug. 13, 1953, ch. 429, §§7–9, 67 Stat. 571.
152504(b) 36:468.  
152504(c) 36:469.  

In subsection (a), the text of 36:467(a) is omitted as obsolete. In paragraph (1), the word "funds" is substituted for "finance" for consistency in the revised title.

About This Section

36 U.S.C. § 152504 is part of Title 36 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.

This section may be cited in legal writing as 36 U.S.C. § 152504. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.

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Frequently Asked Questions About Us Code § 152504

What does United States Code § 152504 cover?

Section 152504 ("Governing body") is part of the United States Code, the codified statutory law of Us Code. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Us Code § 152504?

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Is this the official text of Us Code law?

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Sources & Verification

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