42 U.S.C. · The Public Health and Welfare
42 U.S.C. § 3934

Board of Directors; membership; appointment; term

Ch. 49 — NATIONAL HOUSING PARTNERSHIPS
Title 42 U.S.C. ● ACTIVE Primary Source Ch. 49
Statutory Text

42 U.S.C. § 3934 — Board of Directors; membership; appointment; term

U.S.C. Title 42 - THE PUBLIC HEALTH AND WELFARE 42 U.S.C. United States Code, 2023 Edition Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 49 - NATIONAL HOUSING PARTNERSHIPS Sec. 3934 - Board of Directors; membership; appointment; term From the U.S. Government Publishing Office, www.gpo.gov

§3934. Board of Directors; membership; appointment; term

The corporation shall have a board of directors (hereinafter in this section referred to as the "board"), consisting of fifteen members. Three members of the board shall be appointed by the President of the United States, by and with the advice and consent of the Senate, effective on the date on which the other members are elected, and for terms of three years or until their successors have been appointed and have qualified, except that the first three members of the board so appointed shall continue in office for terms of one, two, and three years, respectively, and any member so appointed to fill a vacancy shall be appointed only for the unexpired term of the director whom he succeeds. Twelve members of the board shall be elected by the stockholders.

(Pub. L. 90–448, title IX, §904, Aug. 1, 1968, 82 Stat. 547.)

Source: uscode.house.gov — public domain Official Source ↗
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42 U.S.C. § 3934
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The statutory text of 42 U.S.C. § 3934 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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