2009 US Code
Title 42 - THE PUBLIC HEALTH AND WELFARE
CHAPTER 49 - NATIONAL HOUSING PARTNERSHIPS
Sec. 3934 - Board of Directors; membership; appointment; term
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 3, Title 42 - THE PUBLIC HEALTH AND WELFARE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 49 - NATIONAL HOUSING PARTNERSHIPS Sec. 3934 - Board of Directors; membership; appointment; term |
Contains | section 3934 |
Date | 2009 |
Laws in Effect as of Date | February 1, 2010 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 90-448, title IX, §904, Aug. 1, 1968, 82 Stat. 547. |
Statutes at Large Reference | 82 Stat. 547 |
Public Law Reference | Public Law 90-448 |
§3934. Board of Directors; membership; appointment; term
The corporation shall have a board of directors (hereinafter in this section referred to as the “board”), consisting of fifteen members. Three members of the board shall be appointed by the President of the United States, by and with the advice and consent of the Senate, effective on the date on which the other members are elected, and for terms of three years or until their successors have been appointed and have qualified, except that the first three members of the board so appointed shall continue in office for terms of one, two, and three years, respectively, and any member so appointed to fill a vacancy shall be appointed only for the unexpired term of the director whom he succeeds. Twelve members of the board shall be elected by the stockholders.
(Pub. L. 90–448, title IX, §904, Aug. 1, 1968, 82 Stat. 547.)
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