CHAPTER 203 - AMERICAN ACADEMY OF ARTS AND LETTERS

Title 36 > CHAPTER 203

Sections (7)

§ 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.

§ 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— adopt bylaws and regulations; fill vacancies; provide for the election of foreign, domestic, or honorary associate members, and the division of those members into classes; receive bequests and donations of property, hold the property in trust, and invest the property to carry out the purpose of the corporation; and 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 .)