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§21504. Acquisition and management of property

Enacted 1998 · reading the current textFull lineage →

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Latest NOW As originally enacted Aug 12, 1998

36 U.S.C. § 21504

The corporation may acquire, own, lease, encumber, and transfer property, in the United States and France, to carry out the purposes of the corporation.
Notes, amendments, and revision history

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1296.)

Historical and Revision Notes
Revised
Section
Source (U.S. Code) Source (Statutes at Large)
21504 36:4902. Jan. 30, 1913, ch. 21, § 2, 37 Stat. 654; June 14, 1929, ch. 23, 46 Stat. 11; Oct. 1, 1965, Pub. L. 89–231, § 1, 79 Stat. 901.

The words “may acquire, own, lease, encumber, and transfer” are substituted for “is authorized to take by purchase, gift, grant, devise, and bequest, and to hold, mortgage, lease, transfer, and convey” for consistency in the revised title and to eliminate unnecessary words. The words “real and personal” are omitted as unnecessary. The words “to carry out the purpose of the corporation” are substituted for “for the purposes of the said corporation” and “as may be deemed necessary for the wants or development of the corporation or any of them” for consistency in the revised title and to eliminate unnecessary words.