Governing body — Us Code Code § 30304
Us Code Code § 30304 — Governing body. Reproduced from the official United States Code, with a citation summary, verification link, and related provisions.
§ 30304. Governing body
(a)
(2) A majority of the directors must be present at a meeting of directors to constitute a quorum. A majority vote of the directors present at a meeting at which there is a quorum is necessary for the transaction of business.
(3) A director may be removed at any time for just and proper cause by a majority vote of a quorum of directors present at a meeting called for that purpose.
(4) A vacancy in the office of director may be filled by a majority vote of a quorum of the remaining directors present at a meeting called for that purpose. A director elected to fill a vacancy serves until the next annual meeting of the corporation.
(b)
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1317.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 30304(a) | 36:857. | Aug. 27, 1958, Pub. L. 85–769, §§7, 8, 72 Stat. 925. |
| 30304(b) | 36:858. |
In subsection (a)(1), the words "from time to time" are omitted as unnecessary. The words "except that the directors of Blinded Veterans Association, Incorporated, on August 27, 1958 shall be the first directors of the corporation" are omitted as executed and obsolete.
In subsection (a)(4), the word "duly" is omitted as unnecessary.
Subsection (b) is substituted for the source provision for consistency in the revised title. The words "consistent with this charter" in 36:858(b) are omitted as unnecessary.
About This Section
36 U.S.C. § 30304 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.
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