The corporation may—
(1) adopt and amend bylaws;
(2) adopt and alter a corporate seal;
(3) acquire, own, lease, encumber, and transfer property to carry out the purposes of the corporation;
(4) accept and administer a trust for educational purposes;
(5) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; and
(6) sue and be sued in any court of the United States, or other court of competent jurisdiction.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1398.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 151105 | 36:5303. | June 30, 1906, ch. 3929, §3, 34 Stat. 805; June 30, 1969, Pub. L. 91–37, §1(a), 83 Stat. 42. |
| 36:5309. | June 30, 1906, ch. 3929, §9, 34 Stat. 807. |
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Last modified: October 26, 2015