36 U.S. Code § 153103 - Powers

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.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
36:18a (1st sentence).
Feb. 20, 1896, ch. 23, § 2 (1st sentence), 29 Stat. 9; Mar. 3, 1915, ch. 89, 38 Stat. 955; Feb. 5, 1926, ch. 11, 44 Stat. 4; July 30, 1951, ch. 255, 65 Stat. 130; Oct. 1, 1976, Pub. L. 94–443, § 1, 90 Stat. 1475.

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.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

36 USCDescription of ChangeSession YearPublic LawStatutes at Large


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