Us Code § 200103 - Powers
Full text of Us Code United States Code § 200103 — Powers, with citation guidance and answers to common questions.
§ 200103. Powers
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.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1451.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 200103 | 36:5401 (2d sentence words before proviso). | Mar. 3, 1901, ch. 876, §1 (2d sentence words before proviso), 31 Stat. 1453; June 29, 1938, ch. 796, 52 Stat. 1226. |
In clause (1), the words "not inconsistent with law" are omitted as unnecessary. The words "for the management of its property and the regulation of its affairs" are added for consistency in the revised title.
In clause (2), subclause (A), the words "hold property" are substituted for "hold real and personal estate", and the words "necessary to carry out the purposes of the corporation" are substituted for "so far only as may be necessary to its lawful ends", for consistency in the revised title and to eliminate unnecessary words. In subclause (B), the word "hold" is added for clarity. The words "other property" are substituted for "such other estate" for consistency in the revised title. The words "of the United States" are added for clarity and for consistency in the revised title.
About This Section
36 U.S.C. § 200103 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. § 200103. 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.