The corporation may—
(1) adopt and amend bylaws for the regulation of its affairs;
(2) adopt and alter a corporate seal;
(3) employ persons the corporation considers necessary;
(4) acquire, own, lease, encumber, and transfer property;
(5) sue and be sued; and
(6) do any other act to carry out the purposes of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1355.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 70704(1) | 36:4404 (5th sentence related to establishing bylaws). | June 6, 1900, ch. 806, §§2 (words before last semicolon), 4 (4th sentence related to adopting and altering seal, 5th sentence related to establishing bylaws, last sentence related to employment authority), 31 Stat. 662, 663. |
| 70704(2) | 36:4404 (4th sentence related to adopting and altering seal). | |
| 70704(3) | 36:4404 (last sentence related to employment authority). | |
| 70704(4)–(6) | 36:4402 (words before last semicolon). |
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Last modified: October 26, 2015