36 U.S.C. § 40702
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
- (a)
- (1)The board of directors is the governing body of the corporation. The board of directors may adopt bylaws, policies, and procedures for the corporation and may take any other action that it considers necessary for the management and operation of the corporation.
- (2)The board shall have at least 9 directors.
- (3)The term of office of a director is 2 years. A director may be reappointed.
- (4)A vacancy on the board of directors shall be filled by a majority vote of the remaining directors.
- (b)