36 USC § 153903 - Powers
---
identifier: "/us/usc/t36/s153903"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 153903 - Powers"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "153903"
section_name: "Powers"
chapter_number: 1539
chapter_name: "THE NATIONAL YEOMEN (F)"
part_number: "B"
part_name: "Organizations"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1431.)"
---
# § 153903. Powers
The corporation may—
**(1)** adopt a constitution and bylaws;
**(2)** adopt a seal; and
**(3)** hold real and personal property in the United States, but only to the extent necessary to carry out the purposes of the corporation and only in an amount not more than $50,000.
---
**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1431.)
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 153903 | 36:139a. | June 15, 1936, ch. 546, § 2, 49 Stat. 1506. |
In clause (1), the words “not inconsistent with law” are omitted as unnecessary.