(a)
(2) The board shall have at least 9 directors.
(3) The term of office of a director is 2 years. A director may be reappointed.
(4) A vacancy on the board of directors shall be filled by a majority vote of the remaining directors.
(b)
(2) The Director is responsible for—
(A) the daily operation of the corporation; and
(B) the duties of the corporation under subchapter II of this chapter.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1335.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
40702(a)(1) | 36:5501(c)(2). | Feb. 10, 1996, Pub. L. 104–106, title XVI, §1611(c)(1)–(4), (d), 110 Stat. 516. |
40702(a)(2) | 36:5501(c)(1). | |
40702(a)(3) | 36:5501(c)(3). | |
40702(a)(4) | 36:5501(c)(4). | |
40702(b)(1) | 36:5501(d)(1). | |
40702(b)(2) | 36:5501(d)(2). |
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Last modified: October 26, 2015