Powers — Us Code Code § 90105
Us Code Code § 90105 — Powers. Reproduced from the official United States Code, with a citation summary, verification link, and related provisions.
§ 90105. Powers
(a)
(1) adopt a constitution and bylaws;
(2) adopt a seal which shall be judicially noticed; and
(3) do any other act necessary to carry out this chapter.
(b)
(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;
(2) to acquire property or an interest in property by purchase or exchange;
(3) unless otherwise required by an instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from property;
(4) to borrow money and issue instruments of indebtedness;
(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;
(6) to sue and be sued; and
(7) to do any other act necessary and proper to carry out the purposes of the foundation.
(c)
(d)
(e)
(Added Pub. L. 107–252, title VI, §601(a), Oct. 29, 2002, 116 Stat. 1720, §152605; renumbered §90105, Pub. L. 113–237, §3(c)(6)(B), Dec. 18, 2014, 128 Stat. 2840.)
Editorial Notes
Amendments
2014—Pub. L. 113–237 renumbered section 152605 of this title as this section.
About This Section
36 U.S.C. § 90105 is part of Title 36 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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