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54 U.S.C. § 101115 — Corporate succession and powers and duties acting as trustee; personal liability for malfeasance
Federal law — U.S. Code and appendices · legal_authorities
**(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.
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Source file: Laws/federal/codes/united-states-code/title-54/section-101115-corporate-succession-and-powers-and-duties-acting-as-trustee-personal-li--e43f7523bc.md
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Source location: Title 54, Chapter 1011, § 101115; chapter-1011-chapter-1011.md
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**(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.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 90–209, § 5, Dec. 18, 1967, 81 Stat. 657, related to corporate succession and powers. See [section 101115 of Title 54](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title54-section101115&num=0&edition=prelim), National Park Service and Related Programs.
Source: Supplied U.S. Code snapshot — release unconfirmed · 16 U.S.C. § 19i
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Federal law — U.S. Code and appendices · legal_authorities
Page 34
TITLE 54—NATIONAL PARK SERVICE AND RELATED PROGRAMS
§ 101115
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
101114 .........
16 U.S.C. 19h.
Pub. L. 90–209, § 4, Dec. 18,
1967, 81 Stat. 656; Pub. L.
106–176,
title
III,
§ 305,
Mar. 10, 2000, 114 Stat. 33.
§ 101115. Corporate succession and powers and
duties acting as trustee; personal liability for
malfeasance
(a)
PERPETUAL
SUCCESSION.—The
National
Park Foundation shall have perpetual succes-
sion.
(b) POWERS AND DUTIES OF TRUSTEE.—The Na-
tional 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 person-
ally liable, except for malfeasance.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3121.)
HISTORICAL AND REVISION NOTES
Revised
Section
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.
§ 101116. Corporate powers
The National Park Foundation shall have the
power to enter into contracts, to execute instru-
ments, and generally to do any and all lawful
acts necessary or appropriate to its purposes.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3121.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
101116 .........
16 U.S.C. 19j.
Pub. L. 90–209, § 6, Dec. 18,
1967, 81 Stat. 657.
§ 101117. Authority of Board
In carrying out this chapter, the Board may—
(1) adopt bylaws and regulations necessary
for the administration of its functions; and
(2) contract for any necessary services.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 12
Source: Supplied 2024 U.S. Code historical extraction · 54 U.S.C. § 101115
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