Except as otherwise provided by this chapter, the Board shall have all the usual powers and obligations of a trustee with respect to property and funds administered by it, but the members of the Board are not personally liable, except for malfeasance.
Pub. L. 90–62082 Stat. 1292Pub. L. 98–497, title II, § 202(a)98 Stat. 2293(, , ; , , .)
Historical and Revision Notes
July 9, 1941, ch. 284, § 655 Stat. 582Based on 44 U.S. Code, 1964 ed., § 300ff (, ).
Editorial Notes
Amendments
Pub. L. 98–4971984— amended section generally, inserting “Except as otherwise provided by this chapter,”.
Statutory Notes and Related Subsidiaries
Effective Date of 1984 Amendment
Pub. L. 98–497section 301 of Pub. L. 98–497section 2102 of this titleAmendment by effective , see , set out as a note under .