CHAPTER 405 —CONGRESSIONAL MEDAL OF HONOR SOCIETY OF THE UNITED STATES OF AMERICA
§40501. Organization
(a)
(b)
(c)
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40501 | 36:791. | Aug. 14, 1958, |
| 36:792. |
This section is substituted for 36:791 for consistency in the revised title and to eliminate executed and unnecessary language. The text of 36:792 is omitted as executed and obsolete.
§40502. Purposes
The purposes of the corporation are—
(1) to form a bond of friendship and comradeship among all holders of the Medal of Honor as presented by Congress;
(2) to protect, uphold, and preserve the dignity and honor of the medal at all times and on all occasions;
(3) to protect the name of the medal and individual holders of the medal from exploitation;
(4) to provide appropriate aid to all persons to whom the medal has been awarded, their widows, or their children;
(5) to serve our country in peace as in war;
(6) to inspire and stimulate our youth to become worthy citizens of our country; and
(7) to foster and perpetuate Americanism.
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40502 | 36:793. | Aug. 14, 1958, |
Before clause (1), the word "objects" is omitted as included in "purposes".
In clause (5), the words "we did" are omitted to avoid the grammatical construction using the first person.
§40503. Membership
(a)
(b)
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40503(a) | 36:796(a), (b). | Aug. 14, 1958, |
| 40503(b) | 36:796(c). |
§40504. Governing body
(a)
(2) The number of directors, their manner of election (including the filling of vacancies), and their term of office are as provided in the bylaws. However, the board shall have at least 9 directors.
(3) The board shall meet at least annually. Each director has one vote on matters decided by the board.
(4) The president of the corporation is the chairman of the board.
(b)
(2) The manner of election, term of office, duties, and powers of the officers are as provided in the bylaws.
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40504(a)(1) | 36:797(a), (c) (1st sentence words before 3d comma). | Aug. 14, 1958, |
| 40504(a)(2) | 36:797(b), (c) (1st sentence words between 3d and 4th commas). | |
| 40504(a)(3) | 36:797(c) (last sentence). | |
| 40504(a)(4) | 36:797(c) (2d sentence). | |
| 40504(b) | 36:797(c) (1st sentence words after 4th comma). 36:798. |
In subsection (a)(1), the text of 36:797(a) (12th–last words) is omitted as obsolete.
In subsection (b)(2), the words "duties, and powers" are substituted for "powers" in 36:798(b) and for "duties" in 36:798(c) to eliminate unnecessary words.
§40505. Powers
The corporation may—
(1) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;
(2) adopt and alter a corporate seal;
(3) choose officers, managers, and agents as the activities of the corporation require;
(4) charge and collect membership dues;
(5) make contracts;
(6) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
(7) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
(8) sue and be sued; and
(9) do any other act necessary and proper to carry out the purposes of the corporation.
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40505 | 36:794. | Aug. 14, 1958, |
| 36:806. |
In this section, the text of 36:806 is omitted as executed and obsolete.
In clause (1), the words "apply, and alter" and "not inconsistent with the laws of the United States of America or any State in which the corporation is to operate" are omitted as [un]necessary.
In clause (2), the word "use" is omitted as unnecessary.
In clause (5), the words "make contracts" are substituted for "contract and be contracted with" to eliminate unnecessary words.
Clause (6) is substituted for "take and hold by lease, gift, purchase, grant, devise, bequest or otherwise any property real, personal, or mixed, necessary or convenient for attaining the objects of the corporation" and "transfer, lease, or convey real or personal property" for consistency in the revised title and to eliminate unnecessary words. The words "subject, however, to applicable provisions of law of any State, (a) governing the amount or kind of real and personal property which may be held by, or, (b) otherwise limiting or controlling the ownership of real and personal property by, a corporation operating in such State" are omitted as unnecessary.
In clause (7), the words "issue instruments of indebtedness, and secure its obligations by granting security interests in its property" are substituted for "issue bonds or other evidences of indebtedness therefor and secure the same by mortgage or pledge" for consistency in the revised title. The words "for the purposes of the corporation" and "subject to applicable Federal or State laws" are omitted as unnecessary.
In clause (8), the words "complain and defend in any court of competent jurisdiction" are omitted as unnecessary.
§40506. Restrictions
(a)
(b)
(c)
(1) expenses of officers of the corporation in amounts approved by the board of directors; or
(2) appropriate aid to individuals to whom the Medal of Honor has been awarded, their widows, or their children, to carry out the purposes of the corporation.
(d)
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40506(a) | 36:802. | Aug. 14, 1958, |
| 40506(b) | 36:800. | |
| 40506(c) | 36:799(a) (1st sentence words before last comma, last sentence). | |
| 40506(d) | 36:799(b). |
In subsection (a), the words "any shares of" are omitted as unnecessary.
In subsection (b), the words "support" and "any" are added for consistency in the revised title. The words "directly or indirectly, local or national" are omitted as unnecessary and for consistency in the revised title.
In subsection (c), before clause (1), the words "inure to the benefit of" are substituted for "inure to" for consistency in the revised title. In clause (1), the words "bona fide" are omitted as unnecessary.
§40507. Principal office
The principal office of the corporation shall be in the District of Columbia or another place decided by the board of directors. However, the activities of the corporation are not confined to the place where the principal office is located but may be conducted throughout the States, territories, and possessions of the United States.
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40507 | 36:795(a). | Aug. 14, 1958, |
The word "various" is omitted as unnecessary. The word "States" is added for clarity and consistency in the revised title.
§40508. Records and inspection
(a)
(1) correct and complete records of account;
(2) minutes of the proceedings of its members, board of directors, and committees having any of the authority of its board of directors; and
(3) at its principal office, a record of the names and addresses of its members entitled to vote.
(b)
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40508 | 36:803. | Aug. 14, 1958, |
The word "records" is substituted for "books and records" for consistency in the revised title and with other titles of the United States Code.
§40509. Service of process
The corporation shall have a designated agent in the District of Columbia to receive service of process for the corporation. Notice to or service on the agent, or mailed to the business address of the agent, is notice to or service on the corporation.
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40509 | 36:795(b). | Aug. 14, 1958, |
The words "at all times" are omitted as unnecessary. The words "service of process" are substituted for "service and process" for consistency in the revised title.
§40510. Liability
(a)
(b)
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40510(a) | 36:801. | Aug. 14, 1958, |
| 40510(b) | 36:799(a) (1st sentence words after last comma). |
§40511. Distribution of assets on dissolution or final liquidation
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be distributed as provided by the board of directors, but in compliance with the bylaws.
(
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40511 | 36:805. | Aug. 14, 1958, |
The word "satisfaction" is omitted as included in "discharge", and the word "obligations" is omitted as included in "liabilities". The words "outstanding" and "all Federal and State laws applicable thereto" are omitted as unnecessary.