36 U.S.C. § 220706 — Powers

Page 327 TITLE 36—PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS § 220707 § 220701. Definition For purposes of this chapter, ‘‘State’’ includes the District of Columbia and the territories and possessions of the United States. (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1479.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 220701 ......... 36:1813. Nov. 20, 1981, Pub. L. 97–83, § 14, 95 Stat. 1096. The words ‘‘the Commonwealth of Puerto Rico’’ are omitted as included in ‘‘the territories and possessions of the United States’’. § 220702. Organization (a) FEDERAL CHARTER.—United States Sub- marine Veterans of World War II (in this chap- ter, the ‘‘corporation’’), a nonprofit corporation incorporated in New Jersey and Colorado, is a federally chartered corporation. (b) EXPIRATION OF CHARTER.—If the corpora- tion does not comply with any provision of this chapter, the charter granted by this chapter ex- pires. (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1479.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 220702(a) ..... 36:1801. Nov. 20, 1981, Pub. L. 97–83, §§ 1, 15 (last sentence), 16, 95 Stat. 1094, 1096. 220702(b) ..... 36:1814 (last sen- tence). 36:1815. This section is substituted for the source provisions for consistency in the revised title and to eliminate un- necessary words. § 220703. Purposes The purposes of the corporation are as pro- vided in its articles of incorporation and in- clude— (1) preserving and promoting patriotism and loyalty to the United States of America; (2) perpetuating and establishing memorials to the memory of shipmates who served aboard United States submarines and gave their lives in submarine warfare during World War II; (3) promoting the spirit and unity that ex- isted among the United States Navy sub- marine crewmen during World War II; (4) fostering general public awareness of life aboard submarines during World War II, through securing, restoring, and displaying the submarines that were in service at that time; (5) sponsoring annual college scholarships; and (6) performing acts of charity as provided in the constitution and bylaws of the corpora- tion. (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1479.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 220703 ......... 36:1803. Nov. 20, 1981, Pub. L. 97–83, § 3, 95 Stat. 1094. Before clause (1), the words ‘‘objects’’ is omitted as included in ‘‘purposes’’. In clause (1), the words ‘‘preserving and promoting’’ are added for clarity. § 220704. Membership Except as provided in this chapter, eligibility for membership in the corporation and the rights and privileges of members are as provided in the constitution and bylaws of the corpora- tion. (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1479.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 220704 ......... 36:1805. Nov. 20, 1981, Pub. L. 97–83, § 5, 95 Stat. 1094. § 220705. Governing body (a) BOARD OF DIRECTORS.—The board of direc- tors and the responsibilities of the board are as provided in the articles of incorporation. (b) OFFICERS.—The officers and the election of officers are as provided in the articles of incor- poration. (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1479.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 220705(a) ..... 36:1806. Nov. 20, 1981, Pub. L. 97–83, §§ 6, 7, 95 Stat. 1095. 220705(b) ..... 36:1807. The words ‘‘and in conformity with the laws of the State or States in which it is incorporated’’ in 36:1806 and ‘‘and in conformity with the laws of the State or States wherein it is incorporated’’ in 36:1807 are omit- ted as unnecessary. § 220706. Powers The corporation has only the powers provided in its bylaws and articles of incorporation filed in each State in which it is incorporated. (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1479.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 220706 ......... 36:1802. Nov. 20, 1981, Pub. L. 97–83, § 2, 95 Stat. 1094. The words ‘‘and subject to the laws of such State or States’’ are omitted as unnecessary. § 220707. Restrictions (a) STOCK AND DIVIDENDS.—The corporation may not issue stock or declare or pay a divi- dend. (b) POLITICAL ACTIVITIES.—The corporation or a director or officer as such may not contribute to, support, or otherwise participate in any po-