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U.S. Code as of:
01/19/04
Section 41. Federal Trade Commission established; membership; vacancies; seal
A commission is created and established, to be known as the
Federal Trade Commission (hereinafter referred to as the
Commission), which shall be composed of five Commissioners, who
shall be appointed by the President, by and with the advice and
consent of the Senate. Not more than three of the Commissioners
shall be members of the same political party. The first
Commissioners appointed shall continue in office for terms of
three, four, five, six, and seven years, respectively, from
September 26, 1914, the term of each to be designated by the
President, but their successors shall be appointed for terms of
seven years, except that any person chosen to fill a vacancy shall
be appointed only for the unexpired term of the Commissioner whom
he shall succeed: Provided, however, That upon the expiration of
his term of office a Commissioner shall continue to serve until his
successor shall have been appointed and shall have qualified. The
President shall choose a chairman from the Commission's membership.
No Commissioner shall engage in any other business, vocation, or
employment. Any Commissioner may be removed by the President for
inefficiency, neglect of duty, or malfeasance in office. A vacancy
in the Commission shall not impair the right of the remaining
Commissioners to exercise all the powers of the Commission.
The Commission shall have an official seal, which shall be
judicially noticed.
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