36 U.S.C. § 40703 — Powers

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 76 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation can adopt a corporate seal, make contracts, and own or transfer property needed for its work. It can take on and pay debts, and charge fees to cover the costs of the Civilian Marksmanship Program. It can also do anything else necessary to carry out its activities.

The corporation may: (1) Adopt, use, and change a corporate seal, which courts must automatically recognize. (2) Make contracts. (3) Acquire, own, lease, mortgage, and transfer property as needed to carry out its activities. (4) Take on and pay off obligations. (5) Charge fees to cover its costs running the Civilian Marksmanship Program. (6) Do anything else necessary and proper to carry out its activities.

the actual law source: uscode.house.gov ↗public domain

The corporation may—

(1)

adopt, use, and alter a corporate seal, which shall be judicially noticed;

(2)

make contracts;

(3)

acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the activities of the corporation;

(4)

incur and pay obligations;

(5)

charge fees to cover the corporation’s costs in carrying out the Civilian Marksmanship Program; and

(6)

do any other act necessary and proper to carry out the activities of the corporation.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1336.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1336

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.

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