Title 36, Chapter 203

Patriotic and National Observances, Ceremonies, and Organizations — 7 active sections

Table of Contents (7 sections)

§ 20301. Organization

(a) American Academy of Arts and Letters (in this chapter, the “corporation”) is a federally chartered corporation.
(b) The corporation is declared to be incorporated in the District of Columbia.

The purpose of the corporation is to further the interests of literature and the fine arts.

The corporation may have not more than 50 regular members.

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.

The corporation shall hold an annual meeting at a place in the United States as may be designated.

The corporation shall make an annual report to Congress, to be filed with the Librarian of Congress.

The audit requirements of section 10101 of this title do not apply to the corporation.