§ 117-17. General grant of powers.
80 words·~1 min read·
/nc/chapter-117/117-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 117-17. General grant of powers.
Each corporation formed under this Article is hereby vested with all power necessary or requisite for the accomplishment of its corporate purpose and capable of being delegated by the legislature; and no enumeration of particular powers hereby granted shall be construed to impair any general grant of power herein contained, nor to limit any such grant to a power or powers of the same class as those so enumerated. (1935, c. 291, s. 12.)