# § 2303. Powers and obligations of the Board; liability of members
Except as otherwise provided by this chapter, the Board shall have all the usual powers and obligations of a trustee with respect to property and funds administered by it, but the members of the Board are not personally liable, except for malfeasance.
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**Source Credit**: (Pub. L. 90–620, Oct. 22, 1968, 82 Stat. 1292; Pub. L. 98–497, title II, § 202(a), Oct. 19, 1984, 98 Stat. 2293.)
### Historical and Revision Notes
Based on 44 U.S. Code, 1964 ed., § 300ff (, ).
## Editorial Notes
### Amendments
1984— amended section generally, inserting “Except as otherwise provided by this chapter,”.
## Statutory Notes and Related Subsidiaries
### Effective Date of 1984 Amendment
Amendment by effective , see , set out as a note under .