36 U.S.C. § 150905 — Powers
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 104 words · no verdicts yet
The corporation can adopt bylaws, a seal, hire staff, and make contracts. It can own and borrow against property, and sue or be sued.
The corporation may: (1) adopt and amend bylaws to manage its property and run its affairs; (2) adopt and change a corporate seal; (3) choose directors, officers, trustees, managers, employees, and agents as needed; (4) make contracts; (5) acquire, own, lease, put a lien on, and transfer property needed for its purposes; (6) borrow money, issue debt instruments, and secure its debts with property as collateral; (7) sue and be sued; and (8) do any other act necessary and proper to carry out its purposes.
The corporation may—
adopt and amend bylaws for the management of its property and the regulation of its affairs;
adopt and alter a corporate seal;
choose directors, officers, trustees, managers, employees, and agents as the activities of the corporation require;
make contracts;
acquire, own, lease, encumber, and transfer property as necessary 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;
sue and be sued; and
do any other act necessary and proper to carry out the purposes of the corporation.
Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1396.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1396
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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