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 directors, 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 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. 1396.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 150905 | 36:4502. | July 14, 1964, Pub. L. 88–376, §§2, 4, 16, 78 Stat. 321, 324. |
| 36:4504. 36:4516. |
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Last modified: October 26, 2015