2013 US Code
Title 15 - Commerce and Trade
Chapter 13 - TEXTILE FOUNDATION (§§ 501 - 506)
Section 504 - Powers of Foundation
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 13 - TEXTILE FOUNDATION Sec. 504 - Powers of Foundation |
| Contains | section 504 |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | June 10, 1930, ch. 440, §4, 46 Stat. 540. |
| Statutes at Large Reference | 46 Stat. 540 |
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The corporation—
(a) Shall have perpetual succession;
(b) May sue and be sued;
(c) May adopt a corporate seal and alter it at pleasure;
(d) May adopt and alter bylaws;
(e) May appoint officers and agents;
(f) May acquire by purchase, devise, bequest, gift, or otherwise, and hold, encumber, convey, or otherwise dispose of, such real and personal property as may be necessary or appropriate for its corporate purposes;
(g) May invest and reinvest the principal and interest of its funds; and
(h) Generally, may do any and all lawful acts necessary or appropriate to carry out the purposes for which the corporation is created.
(June 10, 1930, ch. 440, §4, 46 Stat. 540.)
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