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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 42 U.S.C. § 3934 Board of Directors; membership; appointment; term us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 49 NATIONAL HOUSING PARTNERSHIPS 3934 42 U.S.C. § 3934 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s3934 data/legal/raw/us/code/title-42/usc42.xml 85def11ad3909a8b4477b2db688387194e85a1910312acbd797bf9eef979046b 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e 76ba2876b8cca377d2b73485cfc8b1898305d3a05f7fd236819b4b1732fe3960 2026-07-04 official
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42 U.S.C. § 3934 - Board of Directors; membership; appointment; term

Text

The corporation shall have a board of directors (hereinafter in this section referred to as the “board”), consisting of fifteen members. Three members of the board shall be appointed by the President of the United States, by and with the advice and consent of the Senate, effective on the date on which the other members are elected, and for terms of three years or until their successors have been appointed and have qualified, except that the first three members of the board so appointed shall continue in office for terms of one, two, and three years, respectively, and any member so appointed to fill a vacancy shall be appointed only for the unexpired term of the director whom he succeeds. Twelve members of the board shall be elected by the stockholders.

(Pub. L. 90448, title IX, § 904, Aug. 1, 1968, 82 Stat. 547.)