United States Code Title 36 — Patriotic and National Observances, Ceremonies, and Organizations

§ 20105. Powers

§ 20105.

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, 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.