Corporate succession and powers and duties acting as trustee; personal liability for malfeasance
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§101115. Corporate succession and powers and duties acting as trustee; personal liability for malfeasance
(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.