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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) General.--The corporation may--
(1) adopt a constitution and bylaws;
(2) adopt a seal which shall be judicially noticed; and
(3) do any other act necessary to carry out this chapter.
(b) Powers as trustee.--To carry out its purposes, the corporation has the usual powers of a corporation acting as a trustee in Maryland, including the power--
(1) to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, of property or any income from or other interest in the property;
(2) unless otherwise required by the instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from the property;
(3) to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions;
(4) to sue and be sued; and
(5) to do any other act necessary and proper to carry out the purposes of the corporation.
Cite this article: FindLaw.com - 36 U.S.C. § 151305 - U.S. Code - Unannotated Title 36. Patriotic and National Observances, Ceremonies, and Organizations § 151305. Powers - last updated January 01, 2024 | https://codes.findlaw.com/us/title-36-patriotic-and-national-observances-ceremonies-and-organizations/36-usc-sect-151305/
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