U.S. CODE
Rulings
AD/CVD
Notices
HTSUS
U.S. Code
Regs
More
Ports
About
Updates
Apps
Larger font
Smaller font
CustomsMobile Pro
beta now open!
Apply for a FREE beta account. Spaces are limited so apply today.
SIGNUP FOR BETA
SEARCH
Toggle Dropdown
Search US Code
Search Leg. Notes
Sort by Rank
Titles Ascending
Titles Descending
10 per page
25 Result/page
50 Result/page
U.S Code last checked for updates: Jan 30, 2025
All Titles
Title 36
Subtitle II
Part B
Chapter 405
§ 40503. Membership...
§ 40505. Powers...
§ 40503. Membership...
§ 40505. Powers...
U.S. Code
Notes
§ 40504.
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 number of directors, their manner of election (including the filling of vacancies), and their term of office are as provided in the bylaws. However, the board shall have at least 9 directors.
(3)
The board shall meet at least annually. Each director has one vote on matters decided by the board.
(4)
The president of the corporation is the chairman of the board.
(b)
Officers
.—
(1)
The officers of the corporation are a president, an executive vice president, a secretary, a treasurer, and 6 regional vice presidents as provided in the bylaws. The offices of secretary and treasurer may be combined and held by the same individual, but an individual holding those combined offices has only one vote as a director.
(2)
The manner of election, term of office, duties, and powers of the officers are as provided in the bylaws.
(
Pub. L. 105–225
,
Aug. 12, 1998
,
112 Stat. 1333
.)
cite as:
36 USC 40504
.list_box li,p,.cm-search-info,.cm-search-detail,.abt span,.expand-collapse_top
Get the CustomsMobile app!