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, employees, and agents 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; and
(7) sue and be sued.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1432.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 154105 | 36:1044(2)–(9). | Sept. 10, 1962, Pub. L. 87–655, §§3, 4(2)–(9), 17, 76 Stat. 531, 534. |
| 36:1043. 36:1057. |
Sections: Previous 153902 153903 153904 154101 154102 154103 154104 154105 154106 154107 154108 154109 154110 154111 154112 Next
Last modified: October 26, 2015