United States Code

USC most recently checked for updates: Jun 09, 2025

§ 70502.
Purposes
The purposes of the corporation are—
(1)
to receive and hold property, including by gift, devise, or grant, and to invest, administer, and dispose of the property without restrictions applicable to trustees or trust funds;
(2)
to apply its income and any part of its principal exclusively to educational, charitable, scientific, or literary purposes—
(A)
to advance the science of jurisprudence;
(B)
to uphold high standards for the Federal judiciary and attorneys representing the United States Government;
(C)
to promote and improve the administration of justice, including the study of means for the improved handling of the legal business of the departments, agencies, and instrumentalities of the Government;
(D)
(E)
to provide for the acquisition, preservation, and exhibition of rare books and documents, sculptures, paintings, and other objects of art and historical interest relating to the law, the courts, and the legal profession; and
(3)
to do any other acts necessary or incident to the accomplishment of these purposes.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1351.)
cite as: 36 USC 70502