36 U.S.C. § 30506 — Powers
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 107 words · no verdicts yet
This section addresses powers. It sets out the definitions, duties, limits, exceptions, or procedures stated in the explanation.
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; (7) sue and be sued; and (8) do any other act necessary and proper to carry out the purposes of the corporation.
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;
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. 1321.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1321
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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