Collapse to view only § 20302. Purpose
- § 20301. Organization
- § 20302. Purpose
- § 20303. Membership
- § 20304. Powers
- § 20305. Annual meeting
- § 20306. Annual report
- § 20307. Nonapplication of audit requirements
§ 20301. Organization
(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.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)
§ 20302. Purpose
The purpose of the corporation is to further the interests of literature and the fine arts.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)
§ 20303. Membership
The corporation may have not more than 50 regular members.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)
§ 20304. Powers
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.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)
§ 20305. Annual meeting
The corporation shall hold an annual meeting at a place in the United States as may be designated.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1287.)
§ 20306. Annual report
The corporation shall make an annual report to Congress, to be filed with the Librarian of Congress.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1287.)
§ 20307. Nonapplication of audit requirements
The audit requirements of section 10101 of this title do not apply to the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1287.)