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2 U.S.C. § 159 — Perpetual succession and suits by or against Library of Congress Trust Fund Board

submitted 101 years ago by ch. 423 to r/title-2-THE-CONGRESS · 87 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Library of Congress Trust Fund Board exists permanently, like any trustee. It can sell property given to it, with some limits. People can sue the Board in the D.C. federal court to enforce its trusts.

The Library of Congress Trust Fund Board has "perpetual succession" — meaning it continues to exist over time, the same way any trustee does, with all the usual powers and duties a trustee has. That includes the power to sell property, though this power has some limits set elsewhere. These powers apply to any property, money, or securities that are conveyed, transferred, assigned, left as a bequest, delivered, or paid to the Board for the purposes the law specifies. The Board can be sued. The United States District Court for the District of Columbia has jurisdiction over these lawsuits, for the purpose of enforcing any trust the Board has accepted.
the actual law source: uscode.house.gov ↗public domain

The board shall have perpetual succession, with all the usual powers and obligations of a trustee, including the power to sell, except as herein limited, in respect of all property, moneys, or securities which shall be conveyed, transferred, assigned, bequeathed, delivered, or paid over to it for the purposes above specified. The board may be sued in the United States District Court for the District of Columbia, which is given jurisdiction of such suits, for the purpose of enforcing the provisions of any trust accepted by it.

Source credit: (Mar. 3, 1925, ch. 423, § 3, 43 Stat. 1108; Jan. 27, 1926, ch. 6, § 1, 44 Stat. 2; June 25, 1936, ch. 804, 49 Stat. 1921; June 25, 1948, ch. 646, § 32(a), 62 Stat. 991; May 24, 1949, ch. 139, § 127, 63 Stat. 107.)

history & why it existsrecord from the source credit
  • 1925Enacted · Act of Mar. 3, 1925, ch. 423 · 43 Stat. 1108
  • 1926Amended · Act of Jan. 27, 1926, ch. 6 · 44 Stat. 2
  • 1936Amended · Act of June 25, 1936, ch. 804 · 49 Stat. 1921
  • 1948Amended · Act of June 25, 1948, ch. 646 · 62 Stat. 991
  • 1949Amended · Act of May 24, 1949, ch. 139 · 63 Stat. 107

A history note hasn’t been published yet. The record shows enactment by ch. 423 on 1925-03-03.

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