USC Chapter 1503

in effect

36 U.S.C. § 150301 Federal charter

National Academy of Sciences (in this chapter, the “corporation”) is a federally chartered corporation.

36 U.S.C. § 150302 Powers

(a) General.—The corporation may—(1) make its own organization, including adopting a constitution, bylaws, and regulations; (2) provide for the election of domestic and foreign members, their division into classes, and other matters needful or usual in such an institution; (3) fill vacancies; and (4) report its actions under this subsection to Congress. (b) Property.—(1) The corporation may—(A) receive property by devise, bequest, donation, or otherwise; (B) hold the property absolutely or in trust; (C) manage and invest the property as provided in the constitution of the corporation; and (D) use the property and income from the property to carry out the purposes of the corporation, subject to instructions of donors. (2) Congress at any time may limit the amount of real estate the corporation may acquire and the amount of time it may be held.

36 U.S.C. § 150303 Services to United States Government

On request of the United States Government, the corporation shall investigate, examine, experiment, and report on any subject of science or art. The corporation may not receive compensation for services to the Government, but the actual expense of the investigation, examination, experimentation, and report shall be paid by the Government from an appropriation for that purpose.

36 U.S.C. § 150304 Annual meeting

The corporation shall hold an annual meeting at a place designated by the corporation.