44 U.S.C. § 2303

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 2303 - Powers and obligations of the Board; liability of members

Except as otherwise provided by this chapter, the Board shall have all the usual powers and obligations of a trustee with respect to property and funds administered by it, but the members of the Board are not personally liable, except for malfeasance.

44 U.S.C. § 2303

Pub. L. 90-620, Oct. 22, 1968, 82 Stat. 1292; Pub. L. 98-497, title II, §202(a), Oct. 19, 1984, 98 Stat. 2293.

HISTORICAL AND REVISION NOTESBased on 44 U.S. Code, 1964 ed., §300ff (July 9, 1941, ch. 284, §6, 55 Stat. 582).

EDITORIAL NOTES

AMENDMENTS1984- Pub. L. 98-497 amended section generally, inserting "Except as otherwise provided by this chapter,".

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF 1984 AMENDMENTAmendment by Pub. L. 98-497 effective Apr. 1, 1985, see section 301 of Pub. L. 98-497 set out as a note under section 2102 of this title.