36 U.S.C. § 210104

(a) Board of Trustees .— A self-perpetuating board of trustees shall manage and direct the property and affairs of the corporation. (b) Powers .— The board of trustees may adopt and amend a constitution, bylaws, and regulations for— (1) the selection of successor trustees; (2) the admission of members; (3) the election of officers; and (4) the conduct of the affairs of the corporation.