44 USC § 2303
Powers and obligations of the Board; liability of members
October 30, 2020
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.
Historical and Revision Notes
Based on 44 U.S. Code, 1964 ed., §300ff (July 9, 1941, ch. 284, §6, 55 Stat. 582).
Amendments
1984—Pub. L. 98–497 amended section generally, inserting "Except as otherwise provided by this chapter,".
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.
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