54 USC § 101115 - Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

---
identifier: "/us/usc/t54/s101115"
source: "usc"
legal_status: "official_legal_evidence"
title: "54 USC § 101115 - Corporate succession and powers and duties acting as trustee; personal liability for malfeasance"
title_number: 54
title_name: "NATIONAL PARK SERVICE AND RELATED PROGRAMS"
section_number: "101115"
section_name: "Corporate succession and powers and duties acting as trustee; personal liability for malfeasance"
chapter_number: 1011
chapter_name: "DONATIONS"
subchapter_number: "II"
subchapter_name: "NATIONAL PARK FOUNDATION"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3121.)"
---


# § 101115. Corporate succession and powers and duties acting as trustee; personal liability for malfeasance

**(a)** **Perpetual Succession.—** The National Park Foundation shall have perpetual succession.

**(b)** **Powers and Duties of Trustee.—** The National Park Foundation shall have all the usual powers and obligations of a corporation acting as a trustee, including the power to sue and to be sued in its own name.

**(c)** **Personal Liability of Board Members.—** The members of the Board shall not be personally liable, except for malfeasance.

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**Source Credit**: (Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3121.)

| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 101115 | 16 U.S.C. 19i. | Pub. L. 90–209, § 5, Dec. 18, 1967, 81 Stat. 657. |