Any company incorporated under this article may:
(1) Sue and be sued;
(2) Have a corporate seal;
(3) Contract and be contracted with;
(4) Take bonds of indemnity with security from its agents and employees;
(5) Acquire, by purchase, devise, or otherwise, and hold real and personal property of any value in the amount necessary and proper for the purpose for which the company is incorporated and sell, mortgage, or otherwise dispose of the same;
(6) Appoint all necessary officers;
(7) Make rules, regulations, bylaws, and ordinances for the control, direction, management, and operation of its affairs and business, not inconsistent with the laws of this state or of the United States; and
(8) Have, enjoy, and exercise all the rights, powers, and privileges pertaining to corporate bodies and necessary for the purposes for which such corporation is created within this state and within all the states and territories of the United States and any foreign countries enumerated in the certificate of incorporation, that shall permit or suffer the exercise of said corporate powers within their limits.
Section: Previous 46-9-230 46-9-231 46-9-232 46-9-233 46-9-234 46-9-235 46-9-236 NextLast modified: October 14, 2016