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36 U.S.C. § 130505Powers

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 127 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation may adopt governing documents, seals, and emblems; choose personnel; contract; own or finance property; borrow; collect dues and subscription fees; sue or be sued; and take other necessary or desirable actions.

The corporation may (1) adopt and amend a constitution and bylaws to manage its property and affairs; (2) adopt and change a corporate seal; (3) adopt, change, and display seals, emblems, and badges; (4) choose directors, officers, trustees, managers, employees, and agents as needed; (5) make contracts; (6) acquire, own, lease, encumber, and transfer property needed or convenient for its purposes; (7) borrow money, issue debt instruments, and secure its obligations with interests in its property; (8) charge and collect membership dues and subscription fees; (9) sue and be sued; and (10) take any other necessary or desirable action to carry out its purposes.
the actual law source: uscode.house.gov ↗public domain

The corporation may—

(1)

adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;

(2)

adopt and alter a corporate seal;

(3)

adopt, alter, and display seals, emblems, and badges;

(4)

choose directors, officers, trustees, managers, employees, and agents as the activities of the corporation require;

(5)

make contracts;

(6)

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

(7)

borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

(8)

charge and collect membership dues and subscription fees;

(9)

sue and be sued; and

(10)

do any other act necessary or desirable to carry out the purposes of the corporation.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1377.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1377

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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