36 USC 30506 - Powers

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;

(7) sue and be sued; and

(8) do any other act necessary and proper to carry out the purposes of the corporation.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1321.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
30506 36:944(2)–(10). July 14, 1960, Pub. L. 86–653, §4(2)–(10), 74 Stat. 516.

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Last modified: October 26, 2015