
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 36USC70504]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
       CHAPTER 705--THE FOUNDATION OF THE FEDERAL BAR ASSOCIATION
 
Sec. 70504. Governing body

    (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 board shall consist of 12 individuals elected, and subject 
to removal at any time, by a majority vote of the members of the 
corporation. The term of office of an elected director is 6 years. A 
vacancy on the board shall be filled by a majority vote of the members 
of the corporation.
    (3) The board shall meet at least annually. Each director has one 
vote on each matter decided by the board. The board may delegate its 
powers to a prudential committee subject to the direction of, and 
reporting to, the board.
    (4) The president of the corporation is the chairman of the board 
and of the prudential committee.
    (b) Officers.--(1) The officers of the corporation are a president, 
a vice president, a secretary, a treasurer, a historian, and other 
officers provided for in the bylaws. The powers of the officers are as 
provided in the bylaws.
    (2) The officers shall be elected by the board of directors at its 
annual meeting. The term of office of an officer is 1 year.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1352.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
70504(a)..............................  36:577.                          Aug. 2
4, 1954, ch. 911, Secs.  7, 8, 68
                                                                          Stat.
 798.
70504(b)..............................  36:578.
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), the names of the directors for 1954 and the 
language about their initial terms are omitted as obsolete. In paragraph 
(2), the words ``caused by expiration of the members' terms or 
otherwise'' are omitted as unnecessary.
