§ 6206 — Grantee Corporate Boards Of Directors

(a) The corporate board of directors of each grantee under this chapter— (1) shall be bipartisan; (2) shall, except as otherwise provided in this Act, have the sole responsibility to operate their respective grantees within the jurisdiction of their respective States of incorporation; (3) shall be composed of not fewer than 5 members, who shall be qualified individuals who are not employed in the public sector; and (4) shall appoint successors in the event of vacancies on their respective boards, in accordance with applicable bylaws. (b) No employee of any grantee under this chapter may be a Federal employee.