44 USC 2303 – Powers and obligations of the Board; liability of members
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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.
Terms Used In 44 USC 2303
- Trustee: A person or institution holding and administering property in trust.