The corporation may—
(1) adopt a constitution, bylaws, and regulations;
(2) adopt and alter a corporate seal;
(3) establish and maintain offices and buildings to conduct its activities;
(4) establish State and territorial organizations and local branches;
(5) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation, subject to its constitution and instructions of donors;
(6) sue and be sued; and
(7) do any other act necessary and proper to carry out the purposes of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1299.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 21903 | 36:3303 (less perpetual succession). | July 5, 1935, ch. 373, §§3 (less perpetual succession), 7, 49 Stat. 458, 459. |
| 36:3307. |
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