1997 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 41 - NAVAL SEA CADET CORPS
Sec. 1044 - Powers of corporation
View MetadataPublication Title | United States Code, 1994 Edition, Supplement 3, 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 41 - NAVAL SEA CADET CORPS Sec. 1044 - Powers of corporation |
Contains | section 1044 |
Date | 1997 |
Laws in Effect as of Date | January 26, 1998 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 87-655, §4, Sept. 10, 1962, 76 Stat. 531. |
Statutes at Large Reference | 76 Stat. 531 |
Public Law Reference | Public Law 87-655 |
§1044. Powers of corporation
The corporation shall have power—
(1) to have succession by its corporate name;
(2) to sue and be sued, complain and defend in any court of competent jurisdiction;
(3) to adopt, use, and alter a corporate seal;
(4) to choose such officers, managers, agents, and employees as the business of the corporation may require;
(5) to adopt, amend, and alter a constitution and bylaws, not inconsistent with the laws of the United States or any State in which the corporation is to operate, for the management of its property and the regulation of its affairs;
(6) to contract and be contracted with;
(7) to take by lease, gift, purchase, grant, devise, or bequest from any private corporation, association, partnership, firm or individual and to hold any property, real, personal or mixed, necessary or convenient for attaining the objects and carrying into effect the purposes of the corporation, subject, however, to applicable provisions of law of any State (A) governing the amount or kind of property which may be held by or (B) otherwise limiting or controlling the ownership of property by, a corporation operating in such State;
(8) to transfer, convey, lease, sublease, encumber and otherwise alienate real, personal, or mixed property; and
(9) to borrow money for the purposes of the corporation, issue bonds therefor, and secure the same by mortgage, deed of trust, pledge or otherwise, subject in every case to all applicable provisions of Federal and State laws.
(Pub. L. 87–655, §4, Sept. 10, 1962, 76 Stat. 531.)
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