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§ 101115. Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

Type Statute

Publication 2024-04-29

State In force

Department United States Congress

Source OLRC

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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
RevisedSection	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.

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