36 U.S.C. § 154105 — 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
The corporation may adopt governing documents and a seal, choose personnel, contract, manage and finance property, and sue or be sued.
The corporation may—
(1) adopt and change a constitution and bylaws for managing its property and regulating 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, place liens or other burdens on, and transfer property as necessary or convenient to carry out its purposes;
(6) borrow money, issue debt instruments, and secure its obligations by granting security interests in its property; and
(7) 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;
choose officers, managers, employees, and agents as the activities of the corporation require;
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. 1432.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1432
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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