Section 210104 - Governing body(a) BOARD OF TRUSTEES.-A self-perpetuating board of trustees shall manage and direct the property and affairs of the corporation.(b) POWERS.-The board of trustees may adopt and amend a constitution, bylaws, and regulations for-(1) the selection of successor trustees;(2) the admission of members;(3) the election of officers; and(4) the conduct of the affairs of the corporation. Pub. L. 105-225, 112 Stat. 1456.| HISTORICAL AND REVISION NOTES |
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
| 210104 | 36:4704 (1st par., last par. less regulations for membership). | May 31, 1920, ch. 216, §4 (1st par., last par. less regulations for membership), 41 Stat. 693. |
The text of 36:4704 (2d sentence) is omitted as executed and obsolete.In subsection (b), before clause (1), the words "adopt and amend" are substituted for "adopt from time to time . . . and alter, amend, or repeal" for consistency in the revised title and to eliminate unnecessary words. The word "rules" is omitted as included in "regulations".