United States Code
USC most recently checked for updates: Jun 09, 2025
§ 31105.
 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)
 choose officers, managers, agents, and employees as the activities of the corporation require;
(4)
 make contracts;
(5)
 acquire, own, lease, encumber, and transfer property as necessary or convenient 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; and
(7)
 sue and be sued.
cite as: 36 USC 31105
