US LAWS, STATUTES & CODES ON-LINE

US Supreme Court Decisions On-Line | US Laws



§ 19i. —  Corporate succession; powers and duties of trustee; suits; personal liability for malfeasance.



[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 16USC19i]

 
                         TITLE 16--CONSERVATION
 
   CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
 
                SUBCHAPTER III--NATIONAL PARK FOUNDATION
 
Sec. 19i. Corporate succession; powers and duties of trustee; 
        suits; personal liability for malfeasance
        
    The Foundation shall have perpetual succession, with 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, but the members of the 
Board shall not be personally liable, except for malfeasance.

(Pub. L. 90-209, Sec. 5, Dec. 18, 1967, 81 Stat. 657.)



chanrobles.com.Com


ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com