36 U.S.C. § 153505 — Powers
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 105 words · no verdicts yet
The corporation may govern its affairs, choose personnel, contract, manage and finance property, sue or be sued, and take other necessary and proper actions for its purposes.
The corporation may—
(1) adopt and change bylaws for managing its property and regulating its affairs;
(2) adopt and change a corporate seal;
(3) choose officers, trustees, managers, employees, and agents as its activities require;
(4) make contracts;
(5) acquire, own, lease, place liens or other burdens on, and transfer property as necessary or proper for its purposes;
(6) borrow money, issue debt instruments, and secure its obligations by granting security interests in its property;
(7) sue and be sued; and
(8) take any other action 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 officers, trustees, managers, employees, and agents as the activities of the corporation require;
make contracts;
acquire, own, lease, encumber, and transfer property as necessary or proper 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. 1426.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1426
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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