Statute · United States Code
36 U.S.C. § 130305 — Powers
36 U.S.C. § 130305
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- capital-markets-and-corporate-governance
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) make contracts; (4) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation; (5) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; (6) charge and collect membership dues; and (7) sue and be sued.
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) make contracts; (4) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation; (5) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; (6) charge and collect membership dues; and (7) sue and be sued.