U.S Code last checked for updates: Nov 22, 2024
§ 130505.
Powers
The corporation may—
(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)
adopt, alter, and display seals, emblems, and badges;
(4)
choose directors, officers, trustees, managers, employees, and agents as the activities of the corporation require;
(5)
make contracts;
(6)
acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
(7)
borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
(8)
charge and collect membership dues and subscription fees;
(9)
sue and be sued; and
(10)
do any other act necessary or desirable to carry out the purposes of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1377.)
cite as: 36 USC 130505