§ 40510 - Liability

CHAPTER 405— CONGRESSIONAL MEDAL OF HONOR SOCIETY OF THE UNITED STATES OF AMERICA

(a) The corporation is liable for the acts of its officers and agents acting within the scope of their authority.

(b) A member or private individual is not liable for the obligations of the corporation.

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 40510(a)36:801.Aug. 14, 1958, Pub. L. 85–642, §§ 9(a) (1st sentence words after last comma), 11, 72 Stat. 599, 600. 40510(b)36:799(a) (1st sentence words after last comma).