Powers and obligations of the Board; liability of members

United States Code

Section: 2303

Jurisdiction: US

Bluebook Citation: 44 U.S.C. § 2303

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

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