Chapter 21 - American Samoa College Research Foundation

16.2101 American Samoa College Research Foundation established.

There is established the American Samoa Colle…

16.2102 Research Foundation—Objective and functions.

The functions of the Foundation are to:(a) Pr…

16.2103 Foundation–Corporate powers.

The corporate powers of the Foundation shall…

16.2104 Board of Trustees.

(a) The affairs and corporate powers of the F…

16.2105 Board–Powers and duties.

(a) The Board shall have the following powers…

16.2106 Personnel—Duties.

(a) The Board shall appoint an Executive Dire…

16.2107 Investment of funds.

(a) The Board has full power and authority to…

16.2108 Conflicts of interests—Prohibited acts.

A member or an employee of the Board may not…

16.2109 Existence for public education benefit–Tax exempt status–Liability for obligations.

The Foundation exists and operates solely for…

16.2110 Accounting and budget.

The Foundation shall have full responsibility…

16.2111 Independent audit reports—Annual reports.

(a) The Foundation shall employ a firm of ind…

16.2112 Malfeasance of Director.

Any director who, under color of his office,…

16.2113 Larceny and fraud—Penalty.

Any director, officer, employee, or agent of…