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36 U.S.C. § 140103

Title 36 Chapter 1401 Current through PL 118-3 Last updated: March 29, 2026 View on OLRC →
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§ 140103. Powers

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.

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