36 U.S. Code § 152405 - Powers
(a) General.— The corporation may—
(b) Powers as Trustee.— To carry out its purposes, the corporation has the usual powers of a corporation acting as a trustee in the jurisdiction in which the principal office of the corporation is located, 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 property;
(3) unless otherwise required by an instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from property;
(5) to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions;
Source(Added Pub. L. 106–474, title II, § 201(a),Nov. 9, 2000, 114 Stat. 2093; amended Pub. L. 110–336, § 2(b)(3)(B),Oct. 2, 2008, 122 Stat. 3727.)
2008—Subsec. (b). Pub. L. 110–336substituted “jurisdiction in which the principal office of the corporation is located,” for “District of Columbia,” in introductory provisions.
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