Us Code § 2303 - Powers and obligations of the Board; liability of members
Full text of Us Code United States Code § 2303 — Powers and obligations of the Board; liability of members, with citation guidance and answers to common questions.
§ 2303. Powers and obligations of the Board; liability of members
Except as otherwise provided by this chapter, the Board shall have all the usual powers and obligations of a trustee with respect to property and funds administered by it, but the members of the Board are not personally liable, except for malfeasance.
(Pub. L. 90–620, Oct. 22, 1968, 82 Stat. 1292; Pub. L. 98–497, title II, §202(a), Oct. 19, 1984, 98 Stat. 2293.)
Historical and Revision Notes
Based on 44 U.S. Code, 1964 ed., §300ff (July 9, 1941, ch. 284, §6, 55 Stat. 582).
Editorial Notes
Amendments
1984—Pub. L. 98–497 amended section generally, inserting "Except as otherwise provided by this chapter,".
Statutory Notes and Related Subsidiaries
Effective Date of 1984 Amendment
Amendment by Pub. L. 98–497 effective Apr. 1, 1985, see section 301 of Pub. L. 98–497, set out as a note under section 2102 of this title.
About This Section
44 U.S.C. § 2303 is part of Title 44 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.
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