United States Code
USC most recently checked for updates: Jun 09, 2025
§ 2303.
Powers and obligations of the Board; liability of members
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.
(Pub. L. 90–620, Oct. 22, 1968 , 82 Stat. 1292; Pub. L. 98–497, title II, § 202(a), Oct. 19, 1984 , 98 Stat. 2293.)
cite as: 44 USC 2303
