1995 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 25 - THE FOUNDATION OF THE FEDERAL BAR ASSOCIATION
Sec. 574 - Powers of corporation
View MetadataPublication Title | United States Code, 1994 Edition, Supplement 1, Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES CHAPTER 25 - THE FOUNDATION OF THE FEDERAL BAR ASSOCIATION Sec. 574 - Powers of corporation |
Contains | section 574 |
Date | 1995 |
Laws in Effect as of Date | January 16, 1996 |
Positive Law | No |
Disposition | standard |
Source Credit | Aug. 24, 1954, ch. 911, §4, 68 Stat. 797. |
Statutes at Large Reference | 68 Stat. 797 |
§574. Powers of corporation
The corporation shall have the following powers:
(a) To sue and be sued, complain and defend in any court of competent jurisdiction.
(b) To adopt, alter, and use a corporate seal.
(c) To choose such officers, managers, and agents as the business of the corporation may require.
(d) To adopt, amend, apply, and administer bylaws, not inconsistent with the laws of the United States of America or any State in which the corporation is to operate, for the management of its property and the regulation of its affairs.
(e) To contract and be contracted with.
(f) To take and hold by lease, gift, purchase, grant, devise, bequest, or otherwise, any property, real or personal, or mixed, necessary for carrying into effect the purposes of the corporation, subject to applicable provisions of law of any State (1) governing the amount or kind of real and personal property which may be held by, or (2) otherwise limiting or controlling the ownership of real and personal property by, a corporation operating in such State.
(g) To transfer, lease, or convey real or personal property.
(h) To borrow money for the purposes of the corporation, and issue bonds or other evidences of indebtedness therefor, and secure the same by mortgage or pledge subject to applicable Federal or State laws.
(i) To do any and all acts necessary and proper to carry out the purposes of the corporation.
(Aug. 24, 1954, ch. 911, §4, 68 Stat. 797.)
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