§70502 — Title 36 Patriotic and National Observances | U.S. Code

Summary

The corporation accepts and manages property, including gifts, and can invest, use, or sell it without the usual rules that limit trustees. It must use its income and any part of its main funds only for educational, charitable, scientific, or literary work that: advances the study of law; supports high standards for the Federal courts and U.S. government lawyers; improves how justice and government legal work are handled; promotes law study and research through a law library, seminars, lectures, and publications; and acquires, preserves, and shows rare law-related books, documents, art, and historical items. It may also take other actions needed to carry out these goals.

Title 36, §70502

Patriotic and National Observances — Source: USLM XML via OLRC

The purposes of the corporation are—

(1)to receive and hold property, including by gift, devise, or grant, and to invest, administer, and dispose of the property without restrictions applicable to trustees or trust funds;

(2)to apply its income and any part of its principal exclusively to educational, charitable, scientific, or literary purposes—

(A)to advance the science of jurisprudence;

(B)to uphold high standards for the Federal judiciary and attorneys representing the United States Government;

(C)to promote and improve the administration of justice, including the study of means for the improved handling of the legal business of the departments, agencies, and instrumentalities of the Government;

(D)to facilitate the cultivation and diffusion of knowledge and understanding of the law and the promotion of the study of the law and the science of jurisprudence and research in jurisprudence, through the maintenance of a law library, the establishment of seminars, lectures, and studies devoted to the law, and the publication of addresses, essays, treatises, reports, and other literary works by students, practitioners, and teachers of the law; and

(E)to provide for the acquisition, preservation, and exhibition of rare books and documents, sculptures, paintings, and other objects of art and historical interest relating to the law, the courts, and the legal profession; and

(3)to do any other acts necessary or incident to the accomplishment of these purposes.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 7050236:573.Aug. 24, 1954, ch. 911, § 3, 68 Stat. 797. Before clause (1), the word “objects” is omitted as included in “purposes”. Clause (1) is substituted for 36:573(1) to eliminate unnecessary words. In clause (2), the words “and if the corporation so decides, all or” and “or any of them” are omitted as unnecessary. In subclause (D), the words “in jurisprudence” are substituted for “therein” for clarity. In clause (3), the words “any other acts” are substituted for “any and all things” for consistency in the revised title.

§70502 Purposes

Summary

Title 36, §70502

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata