FEDERAL · 36 U.S.C. · Chapter 203
Powers
Current through Pub. L. 119-102
The corporation may—
(1)adopt bylaws and regulations;
(2)fill vacancies;
(3)provide for the election of foreign, domestic, or honorary associate members, and the division of those members into classes;
(4)receive bequests and donations of property, hold the property in trust, and invest the property to carry out the purpose of the corporation; and
(5)do any other act necessary or usual for such a corporation.
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36 U.S.C. § 20304 (Powers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)
Editorial Notes
In clause (1), the word "regulations" is substituted for "rules and regulations" to avoid redundancy.
In clause (2), the words "created by death, resignation, or otherwise" in 36:4203 are omitted as unnecessary.
In clause (4), the words "be, and the same is hereby, authorized and empowered to" in 36:4205 are omitted because of the word "may" restated before clause (1). The words "real and personal" and "and reinvest" are omitted as unnecessary. The words "to carry out the purpose of the corporation" are substituted for "for the purpose of furthering the interests of literature and the fine arts" for consistency.
In clause (2), the words "created by death, resignation, or otherwise" in 36:4203 are omitted as unnecessary.
In clause (4), the words "be, and the same is hereby, authorized and empowered to" in 36:4205 are omitted because of the word "may" restated before clause (1). The words "real and personal" and "and reinvest" are omitted as unnecessary. The words "to carry out the purpose of the corporation" are substituted for "for the purpose of furthering the interests of literature and the fine arts" for consistency.