36 CFR 901.2 – Establishment
Current as of: 2024 | Check for updates
|
Other versions
(a) Creation. The Corporation, a wholly owned instrumentality of the United States subject to the Government Corporation Control Act (31 U.S.C. § 841 et seq.), was established by the Pennsylvania Avenue Development Corporation Act of 1972 (Pub. L. 92-578, 86 Stat. 1266 (40 U.S.C. § 871 et seq.)), as amended, hereinafter referred to as the Act.
Terms Used In 36 CFR 901.2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) Purposes. The purposes for which this Corporation was established are those stated and promulgated by Congress in the Act.