Endowment fund

  1. Law
  2. USC 36
  3. Patriotic And National Observances, Ceremonies, And Organizations
  4. Treaty Obligation Organizations
  5. THE AMERICAN NATIONAL RED CROSS
  6. Endowment fund

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§300109. Endowment fund

The endowment fund of the corporation shall be kept and invested under the management and control of a board of trustees elected by the board of governors. The corporation shall prescribe policies and regulations on terms and tenure of office, accountability, and expenses of the board of trustees.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1493 ; Pub. L. 110–26, §9, May 11, 2007, 121 Stat. 109 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
300109 36:9. Jan. 5, 1905, ch. 23, §8, as added June 23, 1910, ch. 372, §2, 36 Stat. 604 ; May 8, 1947, ch. 50, §7, 61 Stat. 83 .

The words "from time to time" are omitted [as] unnecessary.


Editorial Notes

Amendments

2007-Pub. L. 110–26 struck out "nine" before "trustees elected" in first sentence and substituted "The corporation shall prescribe policies and regulations on terms and tenure of office, accountability, and expenses of the board of trustees." for "The board of governors shall prescribe regulations on terms and tenure of office, accountability, and expenses of the board of trustees."


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