---
kind: "section"
citation: "54 U.S.C. § 101115"
title: "54"
title_heading: "National Park Service and Related Programs"
number: "101115"
heading: "Corporate succession and powers and duties acting as trustee; personal liability for malfeasance"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/54/101115"
units:
  - "Subtitle I — National Park System"
  - "Division A — Establishment and General Administration"
  - "Chapter 1011 — Donations"
  - "Subchapter II — National Park Foundation"
---

# §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.

## Source credit

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

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | 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. |