Title 54 of the U.S. Code § 101115 - Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

Full text of § 101115 from Title 54 of the United States Code.

§ 101115. Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

(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.

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

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
101115	16 U.S.C. 19i.	Pub. L. 90–209, §5, Dec. 18, 1967, 81 Stat. 657.

About This Section

54 U.S.C. § 101115 is part of Title 54 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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