§ 101115 - Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

CHAPTER 1011— DONATIONS › SUBCHAPTER II— NATIONAL PARK FOUNDATION

(a) The National Park Foundation shall have perpetual succession.

(b) 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) The members of the Board shall not be personally liable, except for malfeasance.

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 10111516 U.S.C. 19i.Pub. L. 90–209, § 5, Dec. 18, 1967, 81 Stat. 657.