36 U.S.C. § 40505 — Powers
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 112 words · no verdicts yet
The corporation can adopt bylaws, a seal, and hire staff to run its activities. It can charge dues, make contracts, own or transfer property, borrow money, and sue or be sued. It can also do anything else reasonably needed to carry out its purposes.
The corporation may:
(1) Adopt and amend a constitution and bylaws to manage its property and run its affairs.
(2) Adopt and change a corporate seal.
(3) Choose officers, managers, and agents as its work requires.
(4) Charge and collect membership dues.
(5) Make contracts.
(6) Acquire, own, lease, mortgage, and transfer property as needed to carry out its purposes.
(7) Borrow money, issue debt instruments, and back its obligations with security interests in its property.
(8) Sue and be sued.
(9) Do anything else necessary and proper to carry out its purposes.
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, and agents as the activities of the corporation require;
charge and collect membership dues;
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. 1333.)
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1333
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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