Statute · United States Code
36 U.S.C. § 140103 — Powers
36 U.S.C. § 140103
- 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 bylaws; (2) adopt and alter a corporate seal; (3) appoint or elect officers and agents; (4) choose a board of trustees, consisting of at least 5 but not more than 15 individuals, to conduct the business and exercise the powers of the corporation; (5) establish and maintain offices to conduct its activities; (6) acquire, own, lease, encumber, and transfer property as necessary or appropriate to carry out the purposes of the corporation; (7) charge and collect membership dues and receive contributions of money or property to be devoted to carrying out the purposes of the corporation; (8) sue and be sued; and (9) do any other act necessary or appropriate to carry out the purposes of the corporation.
The corporation may— (1) adopt and amend bylaws; (2) adopt and alter a corporate seal; (3) appoint or elect officers and agents; (4) choose a board of trustees, consisting of at least 5 but not more than 15 individuals, to conduct the business and exercise the powers of the corporation; (5) establish and maintain offices to conduct its activities; (6) acquire, own, lease, encumber, and transfer property as necessary or appropriate to carry out the purposes of the corporation; (7) charge and collect membership dues and receive contributions of money or property to be devoted to carrying out the purposes of the corporation; (8) sue and be sued; and (9) do any other act necessary or appropriate to carry out the purposes of the corporation.