36 U.S.C. § 220104
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
- (a)
- (1)The board of governors is the governing body of the corporation. The board is responsible for the general policies and program of the corporation and for the control of the affairs and property of the corporation.
- (2)The board shall be elected by the members of the corporation for the term and in the classes provided in the bylaws of the corporation. The board includes—
- (3)The corporation may have other governing bodies or committees as provided in the bylaws.
- (b)
- (1)The office of honorary chairman of the corporation shall be offered to the President. On acceptance, the honorary chairman shall be invited to preside at meetings of the corporation that the honorary chairman deems appropriate and convenient.
- (2)The corporation may have other officers as provided in the bylaws.