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36 U.S.C. § 60106 — Powers

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 23 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation only has powers listed in its bylaws. Those bylaws and articles of incorporation must be filed in every state where it's incorporated.

The corporation's powers come only from two documents: its bylaws and its articles of incorporation. It cannot do anything beyond what those documents allow. Because the corporation may be incorporated in more than one state, it must file its bylaws and articles of incorporation in each state where it holds that incorporation.
the actual law source: uscode.house.gov ↗public domain

The corporation has only the powers provided in its bylaws and articles of incorporation filed in each State in which it is incorporated.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1346.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1346

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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