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36 U.S.C. § 21503 - U.S. Code - Unannotated Title 36. Patriotic and National Observances, Ceremonies, and Organizations § 21503. Governing body

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) General.--(1) The board of governors is the governing body of the corporation.

(2) The board shall have at least 12 governors, divided into 3 classes of equal numbers. One class of governors shall be elected each year for a term of 3 years or until their successors are elected. The corporation shall elect the governors at its annual meeting.

(b) Quorum.--Five governors are a quorum for the transaction of business, except that a majority vote of the board is required for--

(1) the sale or alienation of any real or personal estate of the corporation; or

(2) the leasing of real estate of the corporation for a term of more than one year.

(c) Powers.--The board may--

(1) adopt and amend bylaws, as may be necessary and proper, related to--

(A) elections and meetings;

(B) qualifications and duties of governors and officers;

(C) admission and qualifications of members; and

(D) management and disposition of the property, business, and concerns of the corporation;

(2) conduct all business of the corporation;

(3) fill, until the next annual election, a vacancy on the board; and

(4) appoint attending and resident physicians and surgeons, agents, assistants, and attendants as may be necessary, set their compensation, and discharge them.

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Cite this article: FindLaw.com - 36 U.S.C. § 21503 - U.S. Code - Unannotated Title 36. Patriotic and National Observances, Ceremonies, and Organizations § 21503. Governing body - last updated January 01, 2024 | https://codes.findlaw.com/us/title-36-patriotic-and-national-observances-ceremonies-and-organizations/36-usc-sect-21503/

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