Us Code § 152405 - Powers
Full text of Us Code United States Code § 152405 — Powers, with citation guidance and answers to common questions.
§ 152405. 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 property;
(2) to acquire property or an interest in property by purchase or exchange;
(3) unless otherwise required by an instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from property;
(4) to borrow money and issue instruments of indebtedness;
(5) to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions;
(6) to sue and be sued; and
(7) to do any other act necessary and proper to carry out the purposes of the corporation.
(c)
(Added Pub. L. 106–474, title II, §201(a), Nov. 9, 2000, 114 Stat. 2093; amended Pub. L. 110–336, §2(b)(3)(B), Oct. 2, 2008, 122 Stat. 3727.)
Editorial Notes
Amendments
2008—Subsec. (b). Pub. L. 110–336 substituted "jurisdiction in which the principal office of the corporation is located," for "District of Columbia," in introductory provisions.
About This Section
36 U.S.C. § 152405 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. § 152405. 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.
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