54 USC 101115: Corporate succession and powers and duties acting as trustee; personal liability for malfeasance
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54 USC 101115: Corporate succession and powers and duties acting as trustee; personal liability for malfeasance Text contains those laws in effect on July 17, 2024
From Title 54-NATIONAL PARK SERVICE AND RELATED PROGRAMSSubtitle I-National Park SystemDIVISION A-ESTABLISHMENT AND GENERAL ADMINISTRATIONCHAPTER 1011-DONATIONSSUBCHAPTER II-NATIONAL PARK FOUNDATION
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§101115. Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

(a) Perpetual Succession.-The National Park Foundation shall have perpetual succession.

(b) Powers and Duties of Trustee.-The National Park Foundation shall have 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.

(c) Personal Liability of Board Members.-The members of the Board shall not be personally liable, except for malfeasance.

( Pub. L. 113–287, §3, Dec. 19, 2014, 128 Stat. 3121 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
101115 16 U.S.C. 19i. Pub. L. 90–209, §5, Dec. 18, 1967, 81 Stat. 657 .