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U.S Code last checked for updates: Nov 22, 2024
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Title 36
Subtitle II
Part B
Chapter 705
§ 70504. Governing body...
§ 70506. Exclusive right to name...
§ 70504. Governing body...
§ 70506. Exclusive right to name...
U.S. Code
Notes
§ 70505.
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, managers, and agents as the activities of the corporation require;
(4)
make contracts;
(5)
acquire, own, lease, encumber, and transfer property as necessary 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. 1352
.)
cite as:
36 USC 70505
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