Statute · United States Code
22 U.S.C. § 6206 — Grantee corporate boards of directors
22 U.S.C. § 6206
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
The corporate board of directors of each grantee under this chapter— (1) shall be bipartisan; (2) shall, except as otherwise provided in this Act, have the sole responsibility to operate their respective grantees within the jurisdiction of their respective States of incorporation; (3) shall be composed of not fewer than 5 members, who shall be qualified individuals who are not employed in the public sector; and (4) shall appoint successors in the event of vacancies on their respective boards, in accordance with applicable bylaws. No employee of any grantee under this chapter may be a Federal employee.
Citator
22 U.S.C. § 6206 — Grantee corporate boards of directors is in force in the current edition of the Code, and nothing recorded condemns it.
The corporate board of directors of each grantee under this chapter— (1) shall be bipartisan; (2) shall, except as otherwise provided in this Act, have the sole responsibility to operate their respective grantees within the jurisdiction of their respective States of incorporation; (3) shall be composed of not fewer than 5 members, who shall be qualified individuals who are not employed in the public sector; and (4) shall appoint successors in the event of vacancies on their respective boards, in accordance with applicable bylaws. No employee of any grantee under this chapter may be a Federal employee.