§ 504. Powers of Foundation
115 words·~1 min read·
/usc/title-15/section-504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The corporation—
(a)Shall have perpetual succession;
(b)May sue and be sued;
(c)May adopt a corporate seal and alter it at pleasure;
(d)May adopt and alter bylaws;
(e)May appoint officers and agents;
(f)May acquire by purchase, devise, bequest, gift, or otherwise, and hold, encumber, convey, or otherwise dispose of, such real and personal property as may be necessary or appropriate for its corporate purposes;
(g)May invest and reinvest the principal and interest of its funds; and
(h)Generally, may do any and all lawful acts necessary or appropriate to carry out the purposes for which the corporation is created.
(June 10, 1930, ch. 440, § 4, 46 Stat. 540.)
Connections1 cite this
Cited by 1 section
register
2 references not yet in our index
- June 10, 1930, ch. 440, § 4
- 46 Stat. 540
Citation graph
cites case law
§ 504
Powers of Foundation
Fed. Reg.×1
ActJune 10, 1930, ch. 440, § 4
Stat.46 Stat. 540
Cites 2Cited by 1 across 1 source