36 USC 170306 – Powers
The corporation has the powers provided in its bylaws and articles of incorporation filed in the State in which it is incorporated, including the power to—
(1) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;
(2) adopt and alter a corporate seal;
(3) adopt emblems and badges;
(4) establish, maintain, and regulate offices to conduct the affairs of the corporation;
(5) publish a magazine and other publications;
(6) charge and collect membership dues and subscription fees and receive contributions or grants of money or property to be used to carry out the purposes of the corporation;
(7) accept gifts, legacies, and devises that will further the purposes of the corporation;
(8) promote the formation of auxiliaries, the membership requirements of which shall be as provided in the constitution and the bylaws of the corporation;
(9) sue and be sued; and
(10) do any other act necessary or desirable to carry out the purposes of the corporation.
Terms Used In 36 USC 170306
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7
- subscription: includes a mark when the person making the same intended it as such. See 1 USC 1