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  2. Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
  3. Subtitle II - Patriotic and National Organizations
  4. Part B - Organizations
  5. Chapter 405 - CONGRESSIONAL MEDAL OF HONOR SOCIETY OF THE UNITED STATES OF AMERICA
  6. 36 USC § 40510
36 USC § 40510
Liability
October 21, 2020
USC

(a) Liability of Corporation.—The corporation is liable for the acts of its officers and agents acting within the scope of their authority.

(b) Immunity of Individuals.—A member or private individual is not liable for the obligations of the corporation.

 Open Table
Historical and Revision Notes
Revised

Section

 Source (U.S. Code) Source (Statutes at Large)
40510(a) 36:801. Aug. 14, 1958, Pub. L. 85–642, §§9(a) (1st sentence words after last comma), 11, 72 Stat. 599, 600.
40510(b) 36:799(a) (1st sentence words after last comma).  
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§ 40509 Service of process
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§ 40511 Distribution of assets on dissolution or final liquidation

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