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LegalText 36 U.S.C. § 40504 Governing body us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 405 CONGRESSIONAL MEDAL OF HONOR SOCIETY OF THE UNITED STATES OF AMERICA 40504 36 U.S.C. § 40504 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc36@119-100.zip /us/usc/t36/s40504 data/legal/raw/us/code/title-36/usc36.xml ab2033894f409ed5d13f692c1a2ca3e10ee1fa11598ff3539e3986dd393b0127 d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d a6323d18982ab8bce04a1f0285f7a209e59ccbff509a7e8b74cfa1022fc7060b 2026-07-04 official
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36 U.S.C. § 40504 - Governing body

Text

(a) Board of Directors.— (1) The board of directors is the governing body of the corporation. The board may exercise, or provide for the exercise of, the powers of the corporation.

(2) The number of directors, their manner of election (including the filling of vacancies), and their term of office are as provided in the bylaws. However, the board shall have at least 9 directors.

(3) The board shall meet at least annually. Each director has one vote on matters decided by the board.

(4) The president of the corporation is the chairman of the board.

(b) Officers.— (1) The officers of the corporation are a president, an executive vice president, a secretary, a treasurer, and 6 regional vice presidents as provided in the bylaws. The offices of secretary and treasurer may be combined and held by the same individual, but an individual holding those combined offices has only one vote as a director.

(2) The manner of election, term of office, duties, and powers of the officers are as provided in the bylaws.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1333.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 40504(a)(1)36:797(a), (c) (1st sentence words before 3d comma).Aug. 14, 1958, Pub. L. 85642, §§ 7, 8, 72 Stat. 599. 40504(a)(2)36:797(b), (c) (1st sentence words between 3d and 4th commas). 40504(a)(3)36:797(c) (last sentence). 40504(a)(4)36:797(c) (2d sentence). 40504(b)36:797(c) (1st sentence words after 4th comma).36:798. In subsection (a)(1), the text of 36:797(a) (12thlast words) is omitted as obsolete. In subsection (b)(2), the words “duties, and powers” are substituted for “powers” in 36:798(b) and for “duties” in 36:798(c) to eliminate unnecessary words.