§ 153903. Powers

Latest version.

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.

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

Historical And Revision

Historical and Revision Notes
153903	36:139a.	June 15, 1936, ch. 546, § 2, 49 Stat. 1506.

Historical and Revision Notes

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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