36 U.S.C. § 110304 — Powers
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 77 words · no verdicts yet
This section lists the corporation's powers. It can adopt bylaws, use a corporate seal, and make contracts. It can also own and transfer property, borrow money, and sue or be sued.
The corporation may (1) adopt and change a constitution and bylaws to manage its property and regulate its affairs; (2) adopt and change a corporate seal; (3) make contracts; (4) acquire, own, lease, mortgage, and transfer property as needed to carry out its purposes; (5) borrow money, issue debt instruments, and secure its debts with security interests in its property; and (6) sue and be sued.
The corporation may—
adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;
adopt and alter a corporate seal;
make contracts;
acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; and
sue and be sued.
Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1369.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1369
A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.
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