(a) Federal Charter.—Future Farmers of America (in this chapter, the “FFA”) is a federally chartered corporation.

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Terms Used In 36 USC 70901

  • 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 FFA has perpetual existence.