47-22-58. Powers of corporation--Securities holdings--Government obligations.
84 words·~1 min read·
/sd/title-47/chapter-47-22/47-22-58A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each corporation shall have power to purchase, take, receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise dispose of, and otherwise use and deal in and with, shares or other interests in, or obligations of, other domestic, or foreign corporations, whether for profit or not for profit, associations, partnerships, or individuals, or direct or indirect obligations of the United States, or of any other government, state, territory, governmental district, or municipality or of any instrumentality thereof.