170. The board of directors shall manage the affairs and exercise all the powers of every institution under its administration, except the powers assigned to the members of a legal person referred to in section 139, which may be exercised in accordance with the provisions of subdivision 5 of this division.
1991, c. 42, s. 170; 1992, c. 21, s. 17; 1996, c. 36, s. 51; 2005, c. 32, s. 225.