36 USC 50304 – Powers
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The corporation may—
(1) adopt a constitution, bylaws, and regulations to carry out the purposes of the corporation;
(2) adopt and alter a corporate seal;
(3) adopt emblems and badges;
(4) establish and maintain offices to conduct its activities;
(5) establish State and territorial organizations and local chapter or post organizations;
(6) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;
(7) publish a newspaper and other publications devoted to the purposes of the corporation;
(8) sue and be sued; and
(9) do any other act necessary or proper to carry out the purposes of the corporation.
Terms Used In 36 USC 50304
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7