36 U.S.C. § 200103 — Powers

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 66 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation may adopt governing documents and hold property needed for its purposes, subject to a $1,000,000 limit for necessary property and a separate authority to hold donated or bequeathed property.

The corporation may— (1) adopt a constitution and bylaws to manage its property and regulate its affairs; and (2)— (A) hold property in the District of Columbia or elsewhere that is necessary for its purposes, up to $1,000,000; and (B) hold other property donated or left to it by will in any State or territory of the United States.

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

The corporation may—

(1)

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

(2)

(A)

hold property, in the District of Columbia or elsewhere, necessary to carry out the purposes of the corporation, in an amount not to exceed $1,000,000; and

(B)

hold other property donated or bequeathed in any State or territory of the United States.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1451.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1451

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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