§ 42-105-4. General powers.
Except to the extent inconsistent with any specific provision of this chapter, the
corporation shall have power:
(1) To sue and be sued, complain and defend, in its corporate name;
(2) To have a seal, which may be altered at pleasure and to use the seal by causing it,
or a facsimile thereof, to be impressed or affixed or in any other manner reproduced;
(3) To purchase, take, receive, lease, or otherwise acquire, own, hold, improve, use,
and otherwise deal in and with, personal property, or any interest therein, wherever
situated;
(4) To sell, convey, pledge, lease, exchange, transfer, and otherwise dispose of all or
any part of its property and assets for any consideration and upon any terms and conditions
as that corporation shall determine;
(5) To make and execute agreements of lease, conditional sales contracts, installment
sales contracts, loan agreements, construction contracts, operation contracts, and
other contracts and instruments necessary or convenient in the exercise of the powers
and functions of the corporation granted by this chapter;
(6) To conduct its activities, carry on its operations, and have offices and exercise
the powers granted by this chapter, within or without the state;
(7) To elect or appoint officers, and agents of the corporation, and define their duties
and fix their compensation;
(8) To make and alter bylaws, not inconsistent with this chapter, for the administration
and regulation of the affairs of the corporation, and those bylaws may contain provisions
indemnifying any person who is or was a director, officer, employee, or agent of the
corporation, or is or was serving at the request of the corporation as a director,
officer, employee, or agent of another corporation, partnership, joint venture, trust,
or other enterprise, in the manner and to the extent provided in § 7-1.2-814;
(9) To hire and fire employees as is necessary to properly conduct the daily operation
of the corporation; and
(10) To have and exercise all powers necessary or convenient to effect its purposes.