(a) Board of Directors.—The composition of the board of directors of the corporation, and the responsibilities of the board, are as provided in the articles of incorporation of the corporation.

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Terms Used In 36 USC 120104

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(b) Officers.—The positions of officers of the corporation, and the election of the officers, are as provided in the articles of incorporation.

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