{"data":{"id":"us/36-u.s.c.-30705","jurisdiction":"us","citation":"36 U.S.C. § 30705","heading":"Powers","body":"The corporation may—(1) adopt and amend a constitution and 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 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; (7) use corporate funds to give prizes, awards, loans, scholarships, and grants to deserving students to carry out the purpose of the corporation; (8) publish a magazine and other publications; (9) sue and be sued; and (10) do any other act necessary and proper to carry out the purpose of the corporation.","path":["Title 36—PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS","CHAPTER 307—BOARD FOR FUNDAMENTAL EDUCATION"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc36@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:59:24Z","sha256":"23a4c3978faf1d71251475d2b1d16c6bbae13858df04a39c7e34add1dffd2e52","source_id":"us","stale":true,"prev":"us/36-u.s.c.-30704","next":"us/36-u.s.c.-30706"},"notice":"GroundRules: Original legal text. Not legal advice."}