15-U.S.C.-504
§504 – Powers of Foundation
Pathway
Title 15 > Chapter 13 > Section 504
Details
- Reference: Section 504
- Legend: §504 – Powers of Foundation
- USCode Year: 2013
Provision Content
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.)
U.S. Encyclopedia of Law Coverage
15-U.S.C.-381 in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-381, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.
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