36 USC 154102 – Purposes
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The purposes of the corporation are, through organization and cooperation with the Department of the Navy—
(1) to encourage and aid American young people to develop an interest and skill in basic seamanship and in its naval adaptations;
(2) to train them in seagoing skills; and
(3) to teach them patriotism, courage, self-reliance, and kindred virtues.
Terms Used In 36 USC 154102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.