2011 US Code
Title 36 - Patriotic and National Observances, Ceremonies, Andorganizations
Subtitle II - Patriotic and National Organizations (§§ 10101 - 240112)
Part B - Organizations (§§ 20101 - 240112)
Chapter 201 - AGRICULTURAL HALL OF FAME (§§ 20101 - 20111)
Section 20105 - Powers
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 5, Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 201 - AGRICULTURAL HALL OF FAME Sec. 20105 - Powers |
Contains | section 20105 |
Date | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1285. |
Statutes at Large References | 74 Stat. 574 112 Stat. 1285 |
Public Law References | Public Law 86-680, Public Law 105-225 |
Download PDF
The corporation may—
(1) adopt and amend bylaws for the management of its property and the regulation of its affairs;
(2) adopt and alter a corporate seal;
(3) choose officers, managers, agents, and employees as the activities of the corporation require;
(4) make contracts;
(5) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
(6) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; and
(7) sue and be sued.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1285.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
20105 | 36:974(2)–(9). | Aug. 31, 1960, Pub. L. 86–680, §§4(2)–(9), 17, 74 Stat. 574, 577. |
36:987. |
In this section, the text of 36:987 is omitted as executed and obsolete.
In clause (1), the words “and alter” are omitted as unnecessary.
In clause (2), the word “use” is omitted as unnecessary.
In clause (4), the words “make contracts” are substituted for “contract and be contracted with” to eliminate unnecessary words.
Clause (5) is substituted for “take by lease, gift, purchase, grant, devise, or bequest from any private corporation, association, partnership, firm, or individual and to hold any property, real, personal, or mixed, necessary or convenient for attaining the objects and carrying into effect the purposes of the corporation” in 36:974(7) and “transfer, convey, lease, sublease, encumber and otherwise alienate real, personal or mixed property” in 36:974(8) for consistency in the revised title and to eliminate unnecessary words. The words “subject, however, to applicable provisions of law of any State (A) governing the amount or kind of property which may be held by, or (B) otherwise limiting or controlling the ownership of property by, a corporation operating in such State” in 36:974(7) are omitted as unnecessary.
In clause (6), the words “issue instruments of indebtedness, and secure its obligations by granting security interests in its property” are substituted for “issue bonds therefor, and secure the same by mortgage, deed of trust, pledge or otherwise” for consistency in the revised title and to eliminate unnecessary words. The words “for the purposes of the corporation” and “subject in every case to all applicable provisions of Federal and State laws” are omitted as unnecessary.
In clause (7), the words “complain and defend in any court of competent jurisdiction” are omitted as unnecessary.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.