RIGHTS AND OBLIGATIONS OF THE FOUNDATION.

SEC. 204. RIGHTS AND OBLIGATIONS OF THE FOUNDATION. (a) In General.— The Foundation— (1) shall have perpetual succession; (2) may conduct business throughout the several States, territories, and possessions of the United States; (3) shall have its principal offices in the State of Maryland; and (4) shall at all times maintain a designated agent authorized to accept service of process for the Foundation. (b) Seal.— The Foundation shall have an official seal selected by the Board which shall be judicially noticed. (c) Powers.— To carry out its purposes under section 202, the Foundation shall have, in addition to the powers otherwise given it under this title, the usual powers of a corporation acting as a trustee in the State of Maryland, including the power— (1) to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, of real or personal property or any income therefrom or other interest therein; (2) to sue and be sued, and complain and defend itself in any court of competent jurisdiction, except that the members of the Board shall not be personally liable, except for gross negligence; (3) unless otherwise required by the instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income therefrom; (4) to enter into contracts and other arrangements with public agencies and private organizations and persons and to make such payments as may be necessary to carry out its functions; and (5) to do any and all acts necessary and proper to carry out the purposes of the Foundation.