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36 U.S.C. § 130505

Title 36 Chapter 1305 Current through PL 118-3 Last updated: March 29, 2026 View on OLRC →
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§ 130505. Powers

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) adopt, alter, and display seals, emblems, and badges;
  • (4) choose directors, officers, trustees, managers, employees, and agents as the activities of the corporation require;
  • (5) make contracts;
  • (6) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
  • (7) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
  • (8) charge and collect membership dues and subscription fees;
  • (9) sue and be sued; and
  • (10) do any other act necessary or desirable to carry out the purposes of the corporation.

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