Us Code § 21504 - Acquisition and management of property
Full text of Us Code United States Code § 21504 — Acquisition and management of property, with citation guidance and answers to common questions.
§ 21504. Acquisition and management of property
The corporation may acquire, own, lease, encumber, and transfer property, in the United States and France, to carry out the purposes of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1296.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 21504 | 36:4902. | Jan. 30, 1913, ch. 21, §2, 37 Stat. 654; June 14, 1929, ch. 23, 46 Stat. 11; Oct. 1, 1965, Pub. L. 89–231, §1, 79 Stat. 901. |
The words "may acquire, own, lease, encumber, and transfer" are substituted for "is authorized to take by purchase, gift, grant, devise, and bequest, and to hold, mortgage, lease, transfer, and convey" for consistency in the revised title and to eliminate unnecessary words. The words "real and personal" are omitted as unnecessary. The words "to carry out the purpose of the corporation" are substituted for "for the purposes of the said corporation" and "as may be deemed necessary for the wants or development of the corporation or any of them" for consistency in the revised title and to eliminate unnecessary words.
About This Section
36 U.S.C. § 21504 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. § 21504. 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.