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36 USC CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND 01/06/03

LETTERS

-EXPCITE-

TITLE 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND

ORGANIZATIONS

Subtitle II - Patriotic and National Organizations

Part B - Organizations

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-HEAD-

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-MISC1-

Sec.

20301. Organization.

20302. Purpose.

20303. Membership.

20304. Powers.

20305. Annual meeting.

20306. Annual report.

20307. Nonapplication of audit requirements.

-End-

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36 USC Sec. 20301 01/06/03

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TITLE 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND

ORGANIZATIONS

Subtitle II - Patriotic and National Organizations

Part B - Organizations

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-HEAD-

Sec. 20301. Organization

-STATUTE-

(a) Federal Charter. - American Academy of Arts and Letters (in

this chapter, the "corporation") is a federally chartered

corporation.

(b) Place of Incorporation. - The corporation is declared to be

incorporated in the District of Columbia.

-SOURCE-

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1286.)

-MISC1-

HISTORICAL AND REVISION NOTES

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Revised Source (U.S. Code) Source (Statutes at Large)

Section

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20301 36:4201. Apr. 17, 1916, ch. 77, Sec.

1, 39 Stat. 51.

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This section is substituted for the source provision for

consistency in the revised title and to eliminate executed and

unnecessary words.

-End-

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36 USC Sec. 20302 01/06/03

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TITLE 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND

ORGANIZATIONS

Subtitle II - Patriotic and National Organizations

Part B - Organizations

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-HEAD-

Sec. 20302. Purpose

-STATUTE-

The purpose of the corporation is to further the interests of

literature and the fine arts.

-SOURCE-

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1286.)

-MISC1-

HISTORICAL AND REVISION NOTES

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Revised Source (U.S. Code) Source (Statutes at Large)

Section

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20302 36:4202. Apr. 17, 1916, ch. 77, Sec.

2, 39 Stat. 51.

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The words "is to further" are substituted for "are and shall be

the furtherance of" to eliminate unnecessary words.

-End-

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36 USC Sec. 20303 01/06/03

-EXPCITE-

TITLE 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND

ORGANIZATIONS

Subtitle II - Patriotic and National Organizations

Part B - Organizations

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-HEAD-

Sec. 20303. Membership

-STATUTE-

The corporation may have not more than 50 regular members.

-SOURCE-

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1286.)

-MISC1-

HISTORICAL AND REVISION NOTES

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Revised Source (U.S. Code) Source (Statutes at Large)

Section

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20303 36:4203 (words Apr. 17, 1916, ch. 77, Sec.

before 1st comma). 3 (words before 1st comma),

39 Stat. 51.

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The words "may have not more than" are substituted for "shall

consist of not more than" for clarity and consistency.

-End-

-CITE-

36 USC Sec. 20304 01/06/03

-EXPCITE-

TITLE 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND

ORGANIZATIONS

Subtitle II - Patriotic and National Organizations

Part B - Organizations

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-HEAD-

Sec. 20304. Powers

-STATUTE-

The corporation may -

(1) adopt bylaws and regulations;

(2) fill vacancies;

(3) provide for the election of foreign, domestic, or honorary

associate members, and the division of those members into

classes;

(4) receive bequests and donations of property, hold the

property in trust, and invest the property to carry out the

purpose of the corporation; and

(5) do any other act necessary or usual for such a corporation.

-SOURCE-

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1286.)

-MISC1-

HISTORICAL AND REVISION NOTES

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Revised Source (U.S. Code) Source (Statutes at Large)

Section

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20304 36:4203 (words Apr. 17, 1916, ch. 77, Secs.

after 1st comma). 3 (words after 1st comma),

5, 39 Stat. 51, 52.

36:4205.

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In clause (1), the word "regulations" is substituted for "rules

and regulations" to avoid redundancy.

In clause (2), the words "created by death, resignation, or

otherwise" in 36:4203 are omitted as unnecessary.

In clause (4), the words "be, and the same is hereby, authorized

and empowered to" in 36:4205 are omitted because of the word "may"

restated before clause (1). The words "real and personal" and "and

reinvest" are omitted as unnecessary. The words "to carry out the

purpose of the corporation" are substituted for "for the purpose of

furthering the interests of literature and the fine arts" for

consistency.

-End-

-CITE-

36 USC Sec. 20305 01/06/03

-EXPCITE-

TITLE 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND

ORGANIZATIONS

Subtitle II - Patriotic and National Organizations

Part B - Organizations

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-HEAD-

Sec. 20305. Annual meeting

-STATUTE-

The corporation shall hold an annual meeting at a place in the

United States as may be designated.

-SOURCE-

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1287.)

-MISC1-

HISTORICAL AND REVISION NOTES

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Revised Source (U.S. Code) Source (Statutes at Large)

Section

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20305 36:4204 (related to Apr. 17, 1916, ch. 77, Sec.

meeting). 4 (related to meeting), 39

Stat. 51.

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-End-

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36 USC Sec. 20306 01/06/03

-EXPCITE-

TITLE 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND

ORGANIZATIONS

Subtitle II - Patriotic and National Organizations

Part B - Organizations

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-HEAD-

Sec. 20306. Annual report

-STATUTE-

The corporation shall make an annual report to Congress, to be

filed with the Librarian of Congress.

-SOURCE-

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1287.)

-MISC1-

HISTORICAL AND REVISION NOTES

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Revised Source (U.S. Code) Source (Statutes at Large)

Section

--------------------------------------------------------------------

20306 36:4204 (related to Apr. 17, 1916, ch. 77, Sec.

report). 4 (related to report), 39

Stat. 51.

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TERMINATION OF REPORTING REQUIREMENTS

For termination, effective May 15, 2000, of reporting provisions

in this section, see section 3003 of Pub. L. 104-66, as amended,

set out as a note under section 1113 of Title 31, Money and

Finance, and page 196 of House Document No. 103-7.

-End-

-CITE-

36 USC Sec. 20307 01/06/03

-EXPCITE-

TITLE 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND

ORGANIZATIONS

Subtitle II - Patriotic and National Organizations

Part B - Organizations

CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

-HEAD-

Sec. 20307. Nonapplication of audit requirements

-STATUTE-

The audit requirements of section 10101 of this title do not

apply to the corporation.

-SOURCE-

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1287.)

-MISC1-

HISTORICAL AND REVISION NOTES

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Revised Source (U.S. Code) Source (Statutes at Large)

Section

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20307 (no source).

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This section is added to except the American Academy of Arts and

Letters from the application of section 10101 of the revised title,

restating 36:1101-1103, which imposes audit requirements on certain

federally chartered corporations. The Academy is not included in

the list of corporations set out in 36:1101 to which the audit

requirements apply.

-End-