Page:United States Statutes at Large Volume 121.djvu/127

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[121 STAT. 106]
[121 STAT. 106]
PUBLIC LAW 110-000—MMMM. DD, 2007

121 STAT. 106

PUBLIC LAW 110–26—MAY 11, 2007 (1) by striking ‘‘and’’ at the end of paragraph (3); (2) by striking the period at the end of paragraph (4) and inserting ‘‘; and’’; and (3) by adding at the end the following paragraph: ‘‘(5) to conduct other activities consistent with the foregoing purposes.’’.


Section 300103 of title 36, United States Code, is amended— (1) in subsection (a), by inserting ‘‘, or as otherwise provided,’’ before ‘‘in the bylaws’’; (2) in subsection (b)(1)— (A) by striking ‘‘board of governors’’ and inserting ‘‘corporation’’; and (B) by inserting ‘‘policies and’’ before ‘‘regulations related’’; and (3) in subsection (b)(2)— (A) by inserting ‘‘policies and’’ before ‘‘regulations shall require’’; and (B) by striking ‘‘national convention’’ and inserting ‘‘annual meeting’’. SEC. 6. BOARD OF GOVERNORS.

Section 300104 of title 36, United States Code, is amended to read as follows:

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‘‘§ 300104. Board of governors ‘‘(a) BOARD OF GOVERNORS.— ‘‘(1) IN GENERAL.—The board of governors is the governing body of the corporation with all powers of governing and directing, and of overseeing the management of the business and affairs of, the corporation. ‘‘(2) NUMBER.—The board of governors shall fix by resolution, from time to time, the number of members constituting the entire board of governors, provided that— ‘‘(A) as of March 31, 2009, and thereafter, there shall be no fewer than 12 and no more than 25 members; and ‘‘(B) as of March 31, 2012, and thereafter, there shall be no fewer than 12 and no more than 20 members constituting the entire board. Procedures to implement the preceding sentence shall be provided in the bylaws. ‘‘(3) APPOINTMENT.—The governors shall be appointed or elected in the following manner: ‘‘(A) CHAIRMAN.— ‘‘(i) IN GENERAL.—The board of governors, in accordance with procedures provided in the bylaws, shall recommend to the President an individual to serve as chairman of the board of governors. If such recommendation is approved by the President, the President shall appoint such individual to serve as chairman of the board of governors. ‘‘(ii) VACANCIES.—Vacancies in the office of the chairman, including vacancies resulting from the resignation, death, or removal by the President of the chairman, shall be filled in the same manner described in clause (i).

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