§ 153103. Powers

99 words·~1 min read·/usc/title-36/section-153103

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The corporation may—

(1)adopt a constitution and bylaws;

(2)adopt a seal; and

(3)acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out its purposes.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1423.)

In clause (1), the words “not inconsistent with law” are omitted as unnecessary.

Clause

(3)is substituted for “acquire by purchase, gift, devise, or bequest and to hold, convey, or otherwise dispose of such property, real or personal, as may be convenient or necessary for its lawful purposes” for consistency in the revised title and to eliminate unnecessary words.

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Pub. L. 105–225
112 Stat. 1423

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§ 153103

Powers

Pub. L.Pub. L. 105–225

Stat.112 Stat. 1423

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