{"identifier":"/us/usc/t54/s101115","title":54,"num":"\u00a7\u202f101115.","heading":"Corporate succession and powers and duties acting as trustee; personal liability for malfeasance","text":"\u00a7\u202f101115.\nCorporate succession and powers and duties acting as trustee; personal liability for malfeasance\n(a)\nPerpetual Succession.\u2014\nThe National Park Foundation shall have perpetual succession.\n(b)\nPowers and Duties of Trustee.\u2014\nThe 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.\n(c)\nPersonal Liability of Board Members.\u2014\nThe members of the Board shall not be personally liable, except for malfeasance.","url":"https://projectusc.org/usc/t54/s101115.html","content":[{"t":"sec","id":"/us/usc/t54/s101115","children":[{"t":"num","text":"\u00a7\u202f101115."},{"t":"heading","text":"Corporate succession and powers and duties acting as trustee; personal liability for malfeasance"},{"t":"subsec","id":"/us/usc/t54/s101115/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Perpetual Succession.\u2014"},{"t":"content","text":"The National Park Foundation shall have perpetual succession.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t54/s101115/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Powers and Duties of Trustee.\u2014"},{"t":"content","text":"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.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t54/s101115/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Personal Liability of Board Members.\u2014"},{"t":"content","text":"The members of the Board shall not be personally liable, except for malfeasance.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}