12 USC 2277a-7 - General corporate powers

U.S Code last checked for updates: Nov 24, 2024

§ 2277a–7.

General corporate powers

On January 6, 1988, the Corporation shall become a body corporate and as such shall have the following powers:

(1)

Seal

(2)

Succession

(3)

Contracts

(4)

Legal actions

(A)

In general

(B)

Jurisdiction

(C)

Attachment and execution

(D)

Agent for service of process

(5)

Officers and employees

(A)

In general

(B)

Employees of the United States

(6)

Bylaws

(7)

Incidental powers

(8)

Information

(9)

Conservator or receiver

(10)

Rules and regulations

(Pub. L. 92–181, title V, § 5.58, as added Pub. L. 100–233, title III, § 302, Jan. 6, 1988, 101 Stat. 1614; amended Pub. L. 100–399, title III, § 302(i), Aug. 17, 1988, 102 Stat. 994; Pub. L. 102–237, title V, § 502(j), Dec. 13, 1991, 105 Stat. 1869; Pub. L. 102–552, title II, § 202(a), Oct. 28, 1992, 106 Stat. 4105; Pub. L. 104–105, title II, § 214(b), Feb. 10, 1996, 110 Stat. 175; Pub. L. 110–234, title V, § 5401(b), May 22, 2008, 122 Stat. 1154; Pub. L. 110–246, § 4(a), title V, § 5401(b), June 18, 2008, 122 Stat. 1664, 1915; Pub. L. 115–334, title V, § 5411(37), Dec. 20, 2018, 132 Stat. 4683.)

cite as: 12 USC 2277a-7