Corporate succession and powers and duties acting as trustee; personal liability for malfeasance
About This Law
/us/usc/t54/s101115
Title
54 — National Park Service and Related Programs
Chapter
STI/DA/CH1011
Release
119-84
Release Date
2026-04-17
Section Text
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(a) Perpetual Succession.—The National Park Foundation shall have perpetual succession.
(b) Powers and Duties of Trustee.—The National Park Foundation shall have all the usual powers and obligations of a corporation acting as a trustee, including the power to sue and to be sued in its own name.
(c) Personal Liability of Board Members.—The members of the Board shall not be personally liable, except for malfeasance.
(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3121.)
Historical and Revision Notes
RevisedSectionSource (U.S. Code)Source (Statutes at Large)
10111516 U.S.C. 19i.Pub. L. 90–209, § 5, Dec. 18, 1967, 81 Stat. 657.
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