36 U.S.C. § 210104
Section 210104 · Governing body
Amended 1 time on record
(a) Board of Trustees.—A self-perpetuating board of trustees shall manage and direct the property and affairs of the corporation.
(b) Powers.—The board of trustees may adopt and amend a constitution, bylaws, and regulations for—
(1) the selection of successor trustees;
(2) the admission of members;
(3) the election of officers; and
(4) the conduct of the affairs of the corporation.
Editorial notes U.S. Code · Office of the Law Revision Counsel
SectionSource (U.S. Code)Source (Statutes at Large) 210104 36:4704 (1st par., last par. less regulations for membership). May 31, 1920, ch. 216, §4 (1st par., last par. less regulations for membership), 41 Stat. 693. The text of 36:4704 (2d sentence) is omitted as executed and obsolete.
In subsection (b), before clause (1), the words “adopt and amend” are substituted for “adopt from time to time . . . and alter, amend, or repeal” for consistency in the revised title and to eliminate unnecessary words. The word “rules” is omitted as included in “regulations”.