§ 6756. Powers
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/usc/title-15/section-6756A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to all the powers conferred upon a nonprofit corporation by the District of Columbia Nonprofit Corporation Act, the Association shall have the power to—
(1)establish and collect such membership fees as the Association finds necessary to impose to cover the costs of its operations;
(2)adopt, amend, and repeal bylaws, procedures, or standards governing the conduct of Association business and performance of its duties;
(3)establish procedures for providing notice and opportunity for comment pursuant to section 6755(a) of this title;
(4)enter into and perform such agreements as necessary to carry out the duties of the Association;
(5)hire employees, professionals, or specialists, and elect or appoint officers, and to fix their compensation, define their duties and give them appropriate authority to carry out the purposes of this subchapter, and determine their qualification;
(6)establish personnel policies of the Association and programs relating to, among other things, conflicts of interest, rates of compensation, where applicable, and qualifications of personnel;
(7)borrow money; and
(8)secure funding for such amounts as the Association determines to be necessary and appropriate to organize and begin operations of the Association, which shall be treated as loans to be repaid by the Association with interest at market rate.
(Pub. L. 106–102, title III, § 326, as added Pub. L. 114–1, title II, § 202(a), Jan. 12, 2015, 129 Stat. 24.)
Connections7 cite this · traces to 3
Cited by 7 sections
statute-compilations
statutes-at-large
- Public Law 114–1To extend the termination date of the Terrorism Insurance Program established under the Terrorism Risk Insurance Act of 2002, and for other purposes
- Public Law 106–102To enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, insurance companies, and other financial service providers, and for other purposes
Traces to 3 documents
5 references not yet in our index
- Pub. L. 106–102, title III, § 326
- 129 Stat. 24
- Pub. L. 87–569
- 76 Stat. 265
- 113 Stat. 1426
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§ 6756
Powers
Stat. Comp.×2
Stat.×2
U.S.C.×2
Pub. L.×1
Pub. L.Pub. L. 106–102, title III, § 326
Stat.129 Stat. 24
Pub. L.Pub. L. 87–569
Stat.76 Stat. 265
Stat.113 Stat. 1426
Cites 8Cited by 7 across 4 sources