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, agents, and employees 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. 1302.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 22305 | 36:3404(2)–(9). | Oct. 15, 1962, Pub. L. 87–817, §§4(2)–(9), 17, 76 Stat. 930, 933. |
| 36:3417. |
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