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United States Code Title 36 — Patriotic and National Observances, Ceremonies, and Organizations

§ 21503. Governing body

§ 21503.

Governing body

(a)

General.—

(1)

The board of governors is the governing body of the corporation.

(2)

The board shall have at least 12 governors, divided into 3 classes of equal numbers. One class of governors shall be elected each year for a term of 3 years or until their successors are elected. The corporation shall elect the governors at its annual meeting.

(b)

Quorum.—

Five governors are a quorum for the transaction of business, except that a majority vote of the board is required for—

(1)

the sale or alienation of any real or personal estate of the corporation; or

(2)

the leasing of real estate of the corporation for a term of more than one year.

(c)

Powers.—

The board may—

(1)

adopt and amend bylaws, as may be necessary and proper, related to—

(A)

elections and meetings;

(B)

qualifications and duties of governors and officers;

(C)

admission and qualifications of members; and

(D)

management and disposition of the property, business, and concerns of the corporation;

(2)

conduct all business of the corporation;

(3)

fill, until the next annual election, a vacancy on the board; and

(4)

appoint attending and resident physicians and surgeons, agents, assistants, and attendants as may be necessary, set their compensation, and discharge them.