; chief financial officer An appointment of an individual as chief operating officer or chief financial officer by the CEO shall be subject to the approval of the Board. (3) Delegation of functions The CEO may delegate to the other officers and employees of the Corporation any of the functions of the Corporation. (4) Compensation Compensation for the CEO, chief operating officer, and chief financial officer shall be set by the Board. (c) Interim CEO (1) Hiring Not later than 60 days after the date of the Secretary’s appointment and selection of Directors under section 90306(c)(1)(B), the Board shall hire an Interim Chief Executive Officer who meets the qualifications specified in subsection (a)(1)(B). (2) Authority and term (A) Authority The Interim CEO shall— (i) exercise the same authority as the CEO, including serving on the Board; (ii) carry out the same duties as the CEO; and (iii) be subject to the same prohibitions and limitations as the CEO. (B) Term The Interim CEO shall serve until the Board hires a CEO. (3) Statutory construction Nothing in this subsection may be construed to restrict the ability of the Board to hire the individual serving as the Interim CEO to be the CEO. 90312. Authority of Corporation (a) General authority Except as otherwise provided in this subtitle, the Corporation— (1) shall have perpetual succession in its corporate name unless dissolved by law; (2) may adopt and use a corporate seal; (3) may own, lease, use, improve, and dispose of such property as the Corporation considers necessary to carry out the purposes of the Corporation; (4) may contract with other parties; (5) may sue or be sued; (6) may be held liable under civil and criminal law; (7) may indemnify the Directors, including the Interim CEO or CEO, and other officers, agents, and employees of the Corporation