44 U.S.C. § 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.

( Pub. L. 90–620 , Oct. 22, 1968 , 82 Stat. 1292 ; Pub. L. 98–497, title II, § 202(a) , Oct. 19, 1984 , 98 Stat. 2293 .)