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) choose officers, managers, agents, and employees as the activities of the corporation require;
(4) make contracts;
(5) acquire, own, lease, encumber, and transfer property as necessary or convenient 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. 1372.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 130105 | 36:78c(2)–(10). | June 17, 1959, Pub. L. 86–47, §4(2)–(10), 73 Stat. 77. |
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Last modified: October 26, 2015