§ 70111 - Liability for acts of officers and agents

CHAPTER 701— FLEET RESERVE ASSOCIATION

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

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 7011136:5609.Sept. 23, 1996, Pub. L. 104–201, title XVIII, § 1809, 110 Stat. 2762.

The words “officers and agents” are substituted for “officers, directors, employees, and agents” for consistency in the revised title and to eliminate unnecessary words.