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) make contracts;
(4) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
(5) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
(6) charge and collect membership dues; and
(7) sue and be sued.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1375.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 130305 | 36:634(2)–(9). | Aug. 4, 1955, ch. 546, §§4(2)–(9), 16, 69 Stat. 487, 490. |
| 36:646. |
Sections: Previous 130111 130112 130113 130301 130302 130303 130304 130305 130306 130307 130308 130309 130310 130311 130501 Next
Last modified: October 26, 2015