StacksVerified U.S. federal law reference

36 U.S.C. § 30704 — Governing body

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)Board of DirectorsThe board of directors is the governing body of the corporation. The board shall consist of at least 15 directors elected annually by the members.
  2. (b)OfficersThe officers of the corporation are a chairman of the board, a president, one or more vice presidents, a secretary, a treasurer, and any assistant officers designated by the board. The officers have the powers and shall carry out the duties provided in the bylaws or prescribed by the board.