Title 15 — Commerce and TradeRelease 119-73
§501 Creation of body corporate; directors; principal office; agencies
Title 15 › Chapter CHAPTER 13— - TEXTILE FOUNDATION › § 501
Summary
Creates the Textile Foundation as a corporation of Commerce and Agriculture Secretaries and three directors (section 502). It is incorporated when the board first meets, must be based in the District of Columbia, and may open branches.
Full Legal Text
Title 15, §501
Commerce and Trade — Source: USLM XML via OLRC
The Secretary of Commerce, the Secretary of Agriculture, and three directors first appointed as provided in section 502 of this title and their successors, are created a body corporate of the District of Columbia by the name of the “Textile Foundation” (in this chapter referred to as the corporation). The incorporation shall be held effected upon the date of the first meeting of the board of directors. The corporation shall maintain its principal office in the District of Columbia and may establish such agencies or branch offices at such places as it deems advisable.
Reference
Citations & Metadata
Citation
15 U.S.C. § 501
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73