Composition
The Board shall have an Executive Board composed of—
the chairman of the Board;
the vice chairman of the Board;
the secretary of the Board;
the treasurer of the Board; and
an at-large member of the Board elected by the Board at its initial meeting.
Vacancies
In the case of any vacancy which occurs in the position of at-large member before the expiration of such member’s term, the Board shall elect a replacement to complete that term.
Meetings
The Executive Board shall hold not more than 4 regular meetings per calendar year. Special meetings may be held upon the call of the chairman or 3 members of the Executive Board.
Quorum
A majority of the Executive Board shall constitute a quorum.
Powers
The Executive Board may hold and use all the powers of the Board, subject to the approval of the Board.
Pub. L. 99–498, title XV, § 1506100 Stat. 1603 (, , .)