Governing body — Us Code Code § 152304

Us Code Code § 152304 — Governing body. Reproduced from the official United States Code, with a citation summary, verification link, and related provisions.

§ 152304. Governing body

(a) General.—(1) The board of directors is the governing body of the corporation. The board may be known as an Executive Committee.

(2) The board shall consist of at least 10 individuals who shall be representative of members of the corporation or other individuals selected by the members of the corporation. The directors shall be elected by the members of the corporation annually or at another regular interval as provided in the bylaws of the corporation.

(b) Officers.—The officers of the corporation are a chairman of the board, a president, one or more vice presidents, a secretary, a treasurer, and assistant officers the board designates. The officers shall perform the duties and have the powers provided in the bylaws and by the board.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1413.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
152304(a) 36:667. Aug. 1, 1956, ch. 824, §§7, 8, 70 Stat. 796.
152304(b) 36:668.  

In subsection (a)(1), the words "and referred to" are omitted as unnecessary.

In subsection (a)(2), the words "at another regular interval as provided" are substituted for "at such other regular intervals as may be specified" for consistency in the revised title and to eliminate unnecessary words.

In subsection (b), the words "from time to time" are omitted as unnecessary.

About This Section

36 U.S.C. § 152304 is part of Title 36 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.

This section may be cited in legal writing as 36 U.S.C. § 152304. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.

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Sources

Source: official Us Code text · Last verified 2026-08-27

At a glance

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It addresses "Governing body". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.

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