Statutes, codes, and regulations
United States Code
Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSPart Subtitle III - TREATY OBLIGATION ORGANIZATIONS
Chapter 3001 - THE AMERICAN NATIONAL RED CROSS
Section 300109 - Endowment fund

36 U.S.C. § 300109

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Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 300109 - Endowment fund

The endowment fund of the corporation shall be kept and invested under the management and control of a board of trustees elected by the board of governors. The corporation shall prescribe policies and regulations on terms and tenure of office, accountability, and expenses of the board of trustees.

36 U.S.C. § 300109

Pub. L. 105-225, 112 Stat. 1493; Pub. L. 110-26, §9, May 11, 2007, 121 Stat. 109.

HISTORICAL AND REVISION NOTES
Revised SectionSource (U.S. Code)Source (Statutes at Large)
30010936:9.Jan. 5, 1905, ch. 23, §8, as added June 23, 1910, ch. 372, §2, 36 Stat. 604; May 8, 1947, ch. 50, §7, 61 Stat. 83.
The words "from time to time" are omitted [as] unnecessary.

EDITORIAL NOTES

AMENDMENTS2007- Pub. L. 110-26 struck out "nine" before "trustees elected" in first sentence and substituted "The corporation shall prescribe policies and regulations on terms and tenure of office, accountability, and expenses of the board of trustees." for "The board of governors shall prescribe regulations on terms and tenure of office, accountability, and expenses of the board of trustees."