View all text of Subchapter V [§ 220551 - § 220552]
§ 220552. Dissolution of board of directors of corporation and termination of recognition of national governing bodies
(a)Dissolution of Board of Directors of Corporation.—Effective on the date of enactment of a joint resolution described in section 220551(2)(A) with respect to the board of directors of the corporation, such board of directors shall be dissolved.
(b)Termination of Recognition of National Governing Body.—Effective on the date of enactment of a joint resolution described in section 220551(2)(B) with respect to a national governing body, the recognition of the applicable amateur sports organization as a national governing body shall cease to have force or effect.
(Added Pub. L. 116–189, § 5(a)(2), Oct. 30, 2020, 134 Stat. 947.)