36 U.S.C. § 151105 — Powers

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 77 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation can adopt and amend bylaws, adopt a seal, and own or lease property for its purposes. It can also run educational trusts, borrow money, and sue or be sued in court.

The corporation may: (1) adopt and amend bylaws; (2) adopt and change a corporate seal; (3) acquire, own, lease, put a lien on, and transfer property to carry out its purposes; (4) accept and manage a trust for educational purposes; (5) borrow money, issue debt instruments, and secure its debts with property as collateral; and (6) sue and be sued in any U.S. court, or any other court with proper jurisdiction.

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

The corporation may—

(1)

adopt and amend bylaws;

(2)

adopt and alter a corporate seal;

(3)

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

(4)

accept and administer a trust for educational purposes;

(5)

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

(6)

sue and be sued in any court of the United States, or other court of competent jurisdiction.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1398.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1398

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

all 0 arguments · sorted by: best

no arguments yet — make the first case