PRIA, Government Policy, Made Personal

Summary

Allows the corporation to run its affairs and meet its goals. It can make and change bylaws and its official seal, choose officers and agents, pick a board of trustees (at least 5 but not more than 15) to manage business, open offices, get or transfer property (buy, own, rent, place claims on it), charge dues and accept donations of money or property, sue and be sued, and take other actions needed to carry out its purposes.

Title 36, §140103

Patriotic and National Observances, Source: USLM XML via OLRC

The corporation may—

(1)adopt and amend bylaws;

(2)adopt and alter a corporate seal;

(3)appoint or elect officers and agents;

(4)choose a board of trustees, consisting of at least 5 but not more than 15 individuals, to conduct the business and exercise the powers of the corporation;

(5)establish and maintain offices to conduct its activities;

(6)acquire, own, lease, encumber, and transfer property as necessary or appropriate to carry out the purposes of the corporation;

(7)charge and collect membership dues and receive contributions of money or property to be devoted to carrying out the purposes of the corporation;

(8)sue and be sued; and

(9)do any other act necessary or appropriate to carry out the purposes of the corporation.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 14010336:57b(b)–(j).Aug. 4, 1937, ch. 564, § 3(b)–(j), 50 Stat. 559. In clause (1), the word “amend” is substituted for “alter” for consistency in the revised title. The words “not inconsistent with the Constitution and laws of the United States or of any State” are omitted as unnecessary. Clause (6) is substituted for “acquire, by purchase, devise, bequest, gift, or otherwise, and hold, encumber, convey, or otherwise dispose of such real and personal property as may be necessary or appropriate for its corporate purposes” for consistency in the revised title and to eliminate unnecessary words.

§140103 Powers

Summary

Title 36, §140103

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata