StacksVerified U.S. regulatory reference

36 U.S.C. § 30305

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
The corporation may—
  1. (1)adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;
  2. (2)adopt and alter a corporate seal;
  3. (3)choose officers, managers, and agents as the activities of the corporation require;
  4. (4)charge and collect membership dues;
  5. (5)make contracts;
  6. (6)acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;
  7. (7)borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
  8. (8)sue and be sued; and
  9. (9)do any other act necessary and proper to carry out the purposes of the corporation.