§ 4413. Executive Board  


Latest version.
  • (a) CompositionThe Board shall have an Executive Board composed of—(1) the chairman of the Board;(2) the vice chairman of the Board;(3) the secretary of the Board;(4) the treasurer of the Board; and(5) an at-large member of the Board elected by the Board at its initial meeting. (b) Vacancies

    In the case of any vacancy which occurs in the position of at-large member before the expiration of such member’s term, the Board shall elect a replacement to complete that term.

    (c) Meetings

    The Executive Board shall hold not more than 4 regular meetings per calendar year. Special meetings may be held upon the call of the chairman or 3 members of the Executive Board.

    (d) Quorum

    A majority of the Executive Board shall constitute a quorum.

    (e) Powers

    The Executive Board may hold and use all the powers of the Board, subject to the approval of the Board.

(Pub. L. 99–498, title XV, § 1506, Oct. 17, 1986, 100 Stat. 1603.)