54 USC § 101115 Corporate succession and powers and duties acting as trustee; personal liability for malfeasance | United States Code | US Law

54 USC § 101115

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

October 30, 2020

USC

(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.

Open Table

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.

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