36 USC 130304 – Governing body
(a)
Terms Used In 36 USC 130304
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) The number of directors, their manner of selection (including the filling of vacancies), and their term of office are as provided in the constitution and bylaws of the corporation. However, the board shall have at least 10 directors.
(b)
(2) The manner of election, term of office, and duties of the officers are as provided in the constitution and bylaws.