36 USC 170104 - Powers

U.S Code last checked for updates: Nov 22, 2024

§ 170104.

Powers

(a)

Specific Powers.—

The corporation may—

(1)

adopt and amend a constitution and bylaws;

(2)

adopt and alter a corporate seal, emblems, and badges;

(3)

choose officers, representatives, and agents as necessary to carry out the purposes of the corporation;

(4)

make contracts;

(5)

accept gifts, legacies, and devises that will further the purposes of the corporation;

(6)

acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;

(7)

borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

(8)

establish, regulate, and discontinue subordinate State and regional organizations and local chapters or posts;

(9)

establish and maintain offices to conduct the affairs of the corporation;

(10)

publish a magazine, newspaper, and other publications;

(11)

sue and be sued; and

(12)

do any other act necessary and proper to carry out the purposes of the corporation.

(b)

Privileges of Other National Veterans’ Organizations.—

Privileges granted to other national veterans’ organizations as a result of their being incorporated by Congress are also granted to the corporation.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1440.)

cite as: 36 USC 170104