36 U.S.C. § 170104 — Powers

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 181 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation may use the listed organizational, financial, property, publishing, litigation, and administrative powers. It also receives privileges granted to other national veterans' organizations because Congress incorporated them.

(a) Specific Powers — The corporation may: (1) adopt and amend a constitution and bylaws; (2) adopt and change a corporate seal, emblems, and badges; (3) choose officers, representatives, and agents needed for its purposes; (4) make contracts; (5) accept gifts, legacies, and devises that advance its purposes; (6) acquire, own, lease, encumber, and transfer property needed for its purposes; (7) borrow money, issue debt instruments, and secure its obligations with interests in its property; (8) establish, regulate, and discontinue subordinate State and regional organizations and local chapters or posts; (9) establish and maintain offices; (10) publish a magazine, newspaper, and other publications; (11) sue and be sued; and (12) do any other act necessary and proper to carry out its purposes. (b) Privileges of Other National Veterans' Organizations — Privileges that other national veterans' organizations receive because Congress incorporated them are also granted to this corporation.

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

(a)Specific Powers.—

The corporation may—

(1)

adopt and amend a constitution and bylaws;

(2)

adopt and alter a corporate seal, emblems, and badges;

(3)

choose officers, representatives, and agents as necessary to carry out the purposes of the corporation;

(4)

make contracts;

(5)

accept gifts, legacies, and devises that will further the purposes of the corporation;

(6)

acquire, own, lease, encumber, and transfer property as necessary 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)

establish, regulate, and discontinue subordinate State and regional organizations and local chapters or posts;

(9)

establish and maintain offices to conduct the affairs of the corporation;

(10)

publish a magazine, newspaper, and other publications;

(11)

sue and be sued; and

(12)

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

(b)Privileges of Other National Veterans’ Organizations.—

Privileges granted to other national veterans’ organizations as a result of their being incorporated by Congress are also granted to the corporation.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1440.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1440

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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