36-U.S.C.-150302

§150302 – Powers

Pathway

Title 36 > Subtitle II > Part B > Chapter 1503 > Section 150302

Details

• Reference: Section 150302
• Legend: §150302 – Powers
• USCode Year: 2013

Provision Content

(a) General.—The corporation may—

(1) make its own organization, including adopting a constitution, bylaws, and regulations;

(2) provide for the election of domestic and foreign members, their division into classes, and other matters needful or usual in such an institution;

(3) fill vacancies; and

(4) report its actions under this subsection to Congress.

(b) Property.—(1) The corporation may—

(A) receive property by devise, bequest, donation, or otherwise;

(B) hold the property absolutely or in trust;

(C) manage and invest the property as provided in the constitution of the corporation; and

(D) use the property and income from the property to carry out the purposes of the corporation, subject to instructions of donors.

(2) Congress at any time may limit the amount of real estate the corporation may acquire and the amount of time it may be held.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1388.)

In subsection (a)(1), the word rules is omitted as included in regulations.

In subsection (a)(2), the words their division are substituted for the division for clarity.

In subsection (a)(3), the words created by death, resignation, or otherwise are omitted as unnecessary.

In subsection (a)(4), the words its actions under this subsection are substituted for the same for clarity.

In subsection (b)(1), before clause (A), the word may is substituted for be, and the same is, authorized and empowered to for consistency in the revised title and to eliminate unnecessary words. In clause (A), the words either real or personal are omitted as unnecessary and for consistency in the revised title. In clause (C), the word reinvest is omitted as unnecessary.

U.S. Encyclopedia of Law Coverage

36-U.S.C.-140706 in the Legal Encyclopedia: Patriotic Organizations

In this entry about 36-U.S.C.-140706, find legal reference material, bibliographies and premiere content related to patriotic organizations in the American Encyclopedia of Law, presenting a comprehensive view of the United States patriotic organizations-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 36 (Patriotic And National Observances, Ceremonies, And organizations) guided by subject interests.