36 U.S. Code § 153903 - Powers

The corporation may—
(1) adopt a constitution and bylaws;
(2) adopt a seal; and
(3) hold real and personal property in the United States, but only to the extent necessary to carry out the purposes of the corporation and only in an amount not more than $50,000.

Source

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1431.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
153903
36:139a.
June 15, 1936, ch. 546, § 2, 49 Stat. 1506.

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

 

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