(a) Federal Charter.—Veterans of Foreign Wars of the United States (in this chapter, the “corporation”), a national association of veterans who as soldiers, sailors, marines, and airmen served this Nation in wars, campaigns, and expeditions on foreign soil or in hostile waters, is a federally chartered corporation.

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Terms Used In 36 USC 230101

  • association: when used in reference to a corporation, shall be deemed to embrace the words "successors and assigns of such company or association" in like manner as if these last-named words, or words of similar import, were expressed. See 1 USC 5
  • 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.

(b) Perpetual Existence.—Except as otherwise provided, the corporation has perpetual existence.

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