The board shall have perpetual succession, with all the usual powers and obligations of a trustee, including the power to sell, except as herein limited, in respect of all property, moneys, or securities which shall be conveyed, transferred, assigned, bequeathed, delivered, or paid over to it for the purposes above specified. The board may be sued in the United States District Court for the District of Columbia, which is given jurisdiction of such suits, for the purpose of enforcing the provisions of any trust accepted by it.
Mar. 3, 1925, ch. 423, § 343 Stat. 1108Jan. 27, 1926, ch. 6, § 144 Stat. 2June 25, 1936, ch. 80449 Stat. 1921June 25, 1948, ch. 646, § 32(a)62 Stat. 991May 24, 1949, ch. 139, § 12763 Stat. 107(, ; , ; , ; , ; , .)
Editorial Notes
Amendments
1926—Act , inserted “including the power to sell” in first sentence.
Statutory Notes and Related Subsidiaries
Change of Name
Act , eff. , as amended by act , substituted “United States District Court for the District of Columbia” for “district court of the United States for the District of Columbia”.
Act , provided that the Supreme Court of the District of Columbia is to be known as the District Court of the United States for the District of Columbia.