{"identifier":"/us/usc/t36/s40505","title":36,"num":"\u00a7\u202f40505.","heading":"Powers","text":"\u00a7\u202f40505.\nPowers\nThe corporation may\u2014\n(1) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;\n(2) adopt and alter a corporate seal;\n(3) choose officers, managers, and agents as the activities of the corporation require;\n(4) charge and collect membership dues;\n(5) make contracts;\n(6) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;\n(7) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;\n(8) sue and be sued; and\n(9) do any other act necessary and proper to carry out the purposes of the corporation.","url":"https://projectusc.org/usc/t36/s40505.html","content":[{"t":"sec","id":"/us/usc/t36/s40505","children":[{"t":"num","text":"\u00a7\u202f40505."},{"t":"heading","text":"Powers","tail":"\n"},{"t":"chapeau","text":"The corporation may\u2014"},{"t":"para","id":"/us/usc/t36/s40505/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s40505/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" adopt and alter a corporate seal;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s40505/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" choose officers, managers, and agents as the activities of the corporation require;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s40505/4","children":[{"t":"num","text":"(4)"},{"t":"content","text":" charge and collect membership dues;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s40505/5","children":[{"t":"num","text":"(5)"},{"t":"content","text":" make contracts;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s40505/6","children":[{"t":"num","text":"(6)"},{"t":"content","text":" acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s40505/7","children":[{"t":"num","text":"(7)"},{"t":"content","text":" borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s40505/8","children":[{"t":"num","text":"(8)"},{"t":"content","text":" sue and be sued; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t36/s40505/9","children":[{"t":"num","text":"(9)"},{"t":"content","text":" do any other act necessary and proper to carry out the purposes of the corporation.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}