U.S Code last checked for updates: Nov 22, 2024
§ 153505.
Powers
The corporation may—
(1)
adopt and amend bylaws for the management of its property and the regulation of its affairs;
(2)
adopt and alter a corporate seal;
(3)
choose officers, trustees, managers, employees, and agents as the activities of the corporation require;
(4)
make contracts;
(5)
acquire, own, lease, encumber, and transfer property as necessary or proper to carry out the purposes of the corporation;
(6)
borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
(7)
sue and be sued; and
(8)
do any other act necessary and proper to carry out the purposes of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1426.)
cite as: 36 USC 153505