Us Code § 21503 - Governing body
Full text of Us Code United States Code § 21503 — Governing body, with citation guidance and answers to common questions.
§ 21503. Governing body
(a)
(2) The board shall have at least 12 governors, divided into 3 classes of equal numbers. One class of governors shall be elected each year for a term of 3 years or until their successors are elected. The corporation shall elect the governors at its annual meeting.
(b)
(1) the sale or alienation of any real or personal estate of the corporation; or
(2) the leasing of real estate of the corporation for a term of more than one year.
(c)
(1) adopt and amend bylaws, as may be necessary and proper, related to—
(A) elections and meetings;
(B) qualifications and duties of governors and officers;
(C) admission and qualifications of members; and
(D) management and disposition of the property, business, and concerns of the corporation;
(2) conduct all business of the corporation;
(3) fill, until the next annual election, a vacancy on the board; and
(4) appoint attending and resident physicians and surgeons, agents, assistants, and attendants as may be necessary, set their compensation, and discharge them.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1295.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 21503(a) | 36:4904 (1st sentence). | Jan. 30, 1913, ch. 21, §§4 (1st sentence), 6, 37 Stat. 655; Apr. 12, 1974, Pub. L. 93–266, 88 Stat. 85. |
| 36:4905. | Jan. 30, 1913, ch. 21, §§5, 7, 8, 37 Stat. 655. | |
| 36:4906. | ||
| 21503(b) | 36:4908. | |
| 21503(c) | 36:4907. |
Subsection (a) is substituted for the source provisions for consistency in the revised title and to eliminate unnecessary and obsolete language.
In subsection (c)(1), before clause (A), the words "and not contrary to law" are omitted as unnecessary.
In subsection (c)(2), the words "and manage" and "and concerns" are omitted as unnecessary.
In subsection (c)(3), the words "occasioned by death, resignation, or otherwise" are omitted as unnecessary.
About This Section
36 U.S.C. § 21503 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. § 21503. 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.
How to Read This Statute
Statutes are organized by title, chapter, section, and subsection. Pay attention to words like "shall," "may," "and," and "or," because they determine whether a requirement is mandatory or permissive and whether multiple conditions must all be met. Historical notes and amendments often appear at the end of a section.
Using This Page
This page is intended for research and educational use. Lawyers, students, journalists, and compliance professionals can use it as a starting point, but should always verify the current text through an official government source before relying on it for legal advice, filings, or compliance decisions.