---
kind: "section"
citation: "36 U.S.C. § 152405"
title: "36"
title_heading: "Patriotic and National Observances, Ceremonies, and Organizations"
number: "152405"
heading: "Powers"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/36/152405"
units:
  - "Subtitle II — Patriotic and National Organizations"
  - "Part B — Organizations"
  - "Chapter 1524 — National Recording Preservation Foundation"
---

# §152405. Powers

- (a) **General.—** The [corporation](/usc/36/220501.md?p=b-7) may—
  - (1) adopt a constitution and bylaws;
  - (2) adopt a seal which shall be judicially noticed; and
  - (3) do any other act necessary to carry out this chapter.
- (b) **Powers as Trustee.—** To carry out its purposes, the [corporation](/usc/36/220501.md?p=b-7) has the usual powers of a [corporation](/usc/36/220501.md?p=b-7) acting as a trustee in the jurisdiction in which the principal office of the [corporation](/usc/36/220501.md?p=b-7) is located, including the power—
  - (1) to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, of property or any income from or other interest in property;
  - (2) to acquire property or an interest in property by purchase or exchange;
  - (3) unless otherwise required by an instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from property;
  - (4) to borrow money and issue instruments of indebtedness;
  - (5) to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions;
  - (6) to sue and be sued; and
  - (7) to do any other act necessary and proper to carry out the purposes of the [corporation](/usc/36/220501.md?p=b-7).
- (c) **Encumbered or Restricted Gifts.—** A gift, devise, or bequest may be accepted by the [corporation](/usc/36/220501.md?p=b-7) even though it is encumbered, restricted, or subject to beneficial interests of private persons, if any current or future interest is for the benefit of the [corporation](/usc/36/220501.md?p=b-7).

## Source credit

(Added Pub. L. 106–474, title II, § 201(a), Nov. 9, 2000, 114 Stat. 2093; amended Pub. L. 110–336, § 2(b)(3)(B), Oct. 2, 2008, 122 Stat. 3727.)

## Notes

### Editorial Notes

### Amendments

2008—Subsec. (b). Pub. L. 110–336 substituted “jurisdiction in which the principal office of the corporation is located,” for “District of Columbia,” in introductory provisions.