(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) make contracts;
(4) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
(5) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
(6) charge and collect membership dues; and
(7) sue and be sued.
Structure US Code
Title 36— PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Subtitle II— Patriotic and National Organizations
CHAPTER 1303— LEGION OF VALOR OF THE UNITED STATES OF AMERICA, INCORPORATED
§ 130302. Principles and purposes
§ 130308. Records and inspection
§ 130310. Liability for acts of officers and agents
§ 130311. Distribution of assets on dissolution or final liquidation