§ 70505. Powers

The corporation may—

• (1) adopt and amend bylaws for the management of its property and the regulation of its affairs;
• (2) adopt and alter a corporate seal;
• (3) choose officers, managers, and agents as the activities of the corporation require;
• (4) make contracts;
• (5) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;
• (6) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
• (7) sue and be sued; and
• (8) do any other act necessary and proper to carry out the purposes of the corporation.