Sec. 4. GOVERNING BODY
103 words·~1 min read·
/statute-compilations/comps-18322/sec-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 4 GOVERNING BODY Section 70504 of title 36, United States Code, is amended to read as follows: > > ## “SEC. 70504 Governing body > > > ### “(a) Board of Directors > > 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. The board of directors and the responsibilities of the board are as provided in the bylaws. > > > ### “(b) Officers > > The officers and the election of the officers are as provided for in the bylaws.” > .