Establishment
There is hereby established the United States Institute of Peace.
Status; restrictions
section 170(c)(2)(B) of title 26The Institute is an independent nonprofit corporation and an organization described in . The Institute does not have the power to issue any shares of stock or to declare or pay any dividends.
Establishment and functions of an “Endowment of the United States Institute for Peace”
As determined by the Board, the Institute may establish, under the laws of the District of Columbia, a legal entity which is capable of receiving, holding, and investing public funds for purposes in furtherance of the Institute under this chapter. The Institute may designate such legal entity as the “Endowment of the United States Institute for Peace”.
Liability for acts within scope of authority
The Institute is liable for the acts of its directors, officers, employees, and agents when acting within the scope of their authority.
Trade name and trademark rights; vested rights protected; condition for use of Federal identity
Pub. L. 98–525, title XVII, § 170498 Stat. 2651 Pub. L. 99–514, § 2100 Stat. 2095 Pub. L. 101–520, title III, § 319(b)104 Stat. 2285 (, , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 101–5201990—Subsec. (e)(1). inserted reference to Spark M. Matsunaga Medal of Peace.
Pub. L. 99–5141986—Subsec. (b). substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text.