36 U.S.C. § 151905 — Powers

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 91 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation may adopt governing documents and a seal, hire people, contract, manage property, borrow money and secure debts, and sue or be sued.

The corporation may: (1) adopt and amend a constitution and bylaws to manage its property and regulate its affairs; (2) adopt and change a corporate seal; (3) choose officers, managers, employees, and agents as its activities require; (4) make contracts; (5) acquire, own, lease, burden, and transfer property as needed or convenient for its purposes; (6) borrow money, issue debt instruments, and secure its obligations with security interests in its property; and (7) sue and be sued.

the actual law source: uscode.house.gov ↗public domain

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; and

(7)

sue and be sued.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1408.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1408

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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