(a)
(1) adopt policies and regulations;
(2) adopt, alter, and destroy a seal;
(3) own and dispose of property to carry out the purposes of the corporation;
(4) accept gifts, devises, and bequests of property to carry out the purposes of the corporation;
(5) sue and be sued in courts of law and equity, State or Federal, within the jurisdiction of the United States; and
(6) do any other act necessary to carry out this chapter and promote the purposes of the corporation.
(b)
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1492; Pub. L. 110–26, §7, May 11, 2007, 121 Stat. 108.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
300105 | 36:2 (1st sentence words between 2d comma and 3d semicolon and after 4th semicolon). | Jan. 5, 1905, ch. 23, §2 (1st sentence words between 2d comma and 3d semicolon and after 4th semicolon), 33 Stat. 600; May 8, 1947, ch. 50, §3, 61 Stat. 81. |
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Last modified: October 26, 2015