§140303 — Title 36 Patriotic and National Observances | U.S. Code

Summary

Gives the corporation 10 powers. They include making its own rules and bylaws; making or changing a seal; opening and running offices; choosing officers and agents; letting an executive committee run the business; managing property (buy, lease, mortgage, transfer); publishing a magazine and other materials; charging membership dues and subscriptions; suing and being sued; and taking other actions needed to carry out its purposes.

Title 36, §140303

Patriotic and National Observances — Source: USLM XML via OLRC

The corporation may—

(1)make its own organization, including its constitution, bylaws, and regulations;

(2)adopt and alter a corporate seal;

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

(4)appoint or elect officers and agents;

(5)authorize the executive committee to conduct the business and exercise the powers of the corporation;

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

(7)publish a magazine and other publications;

(8)charge and collect membership dues and subscription fees;

(9)sue and be sued; and

(10)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) 14030336:314(b)–(k).Sept. 20, 1950, ch. 956, §§ 4(b)–(k), 5, 64 Stat. 868. 36:315. In clause (1), the word “rules” is omitted as being the same as “

Regulations

”. In clause (2), the words “at pleasure” are omitted as unnecessary. In clause (3), the words “and transaction” are omitted as unnecessary. The word “activities” is substituted for “business” for consistency in the revised title. 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. The text of 36:315 is omitted as executed and obsolete. In clause (8), the words “and receive contributions of money or property to be devoted to the carrying out of the purposes of the organization” are omitted as unnecessary because of clause (6) of the revised section.

§140303 Powers

Summary

Title 36, §140303

Notes & Related Subsidiaries

Historical and Revision Notes

Regulations

Citations & Metadata