Us Code § 151305 - Powers
Full text of Us Code United States Code § 151305 — Powers, with citation guidance and answers to common questions.
§ 151305. Powers
(a)
(1) adopt a constitution and bylaws;
(2) adopt a seal which shall be judicially noticed; and
(3) do any other act necessary to carry out this chapter.
(b)
(1) to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, of property or any income from or other interest in the property;
(2) unless otherwise required by the instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from the property;
(3) to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions;
(4) to sue and be sued; and
(5) to do any other act necessary and proper to carry out the purposes of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1400; Pub. L. 105–354, §1(9), Nov. 3, 1998, 112 Stat. 3244.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 151305(a) | 36:5202(g)(1)(B), (C). | Oct. 26, 1992, Pub. L. 102–522, title II, §§203(g)(1)(B), (C), 204(b), (c)(1), (2) (words before 2d comma), (3)–(5), 106 Stat. 3418, 3419. |
| 36:5203(b). | ||
| 151305(b) | 36:5203(c)(1), (2) (words before 2d comma), (3)–(5). |
Subsection (a)(1) is substituted for 36:5202(g)(1)(B) for consistency in the revised title. The words "consistent with this chapter" are omitted as unnecessary.
Subsection (a)(2) is substituted for 36:5203(b) for consistency in the revised title.
Subsection (a)(3) is substituted for 36:5202(g)(1)(C) for consistency in the revised title.
In subsection (b), before clause (1), the words "under section 5201 of this title" and "in addition to the powers otherwise given it under this chapter" are omitted as unnecessary. In clause (1), the words "real or personal" are omitted as unnecessary and for consistency in the revised title. In clause (4), the words "and complain and defend itself in any court of competent jurisdiction" are omitted as unnecessary. In clause (5), the words "any other act" are substituted for "any and all acts" to eliminate unnecessary words.
Pub. L. 105–354
This amends section 151305(b) of title 36 to correct an inconsistency in the revised title.
Editorial Notes
Amendments
1998—Subsec. (b). Pub. L. 105–354 struck out "the State of" before "Maryland" in introductory provisions.
About This Section
36 U.S.C. § 151305 is part of Title 36 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
This section may be cited in legal writing as 36 U.S.C. § 151305. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.
How to Read This Statute
Statutes are organized by title, chapter, section, and subsection. Pay attention to words like "shall," "may," "and," and "or," because they determine whether a requirement is mandatory or permissive and whether multiple conditions must all be met. Historical notes and amendments often appear at the end of a section.
Using This Page
This page is intended for research and educational use. Lawyers, students, journalists, and compliance professionals can use it as a starting point, but should always verify the current text through an official government source before relying on it for legal advice, filings, or compliance decisions.