§ 17-19-302 — General powers

Wyoming § 17-19-302

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 19: WYOMING NONPROFIT CORPORATION ACT
• Art. 3: PURPOSES AND POWERS

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(a) Unless its articles of incorporation provide
otherwise, every corporation has perpetual duration and
succession in its corporate name and has the same powers as an
individual to do all things necessary or convenient to carry out
its affairs including, without limitation, power:
(i) To sue and be sued, complain and defend in its
corporate name;
(ii) To have a corporate seal, which may be altered
at will, and to use it, or a facsimile of it, by impressing or
affixing or in any other manner reproducing it;
(iii) To make and amend bylaws not inconsistent with
its articles of incorporation or with the laws of this state,
for regulating and managing the affairs of the corporation;
(iv) To purchase, receive, lease or otherwise
acquire, and own, hold, improve, use and otherwise deal with,
real or personal property or any legal or equitable interest in
property, wherever located;
(v) To sell, convey, mortgage, pledge, lease,
exchange and otherwise dispose of all or any part of its
property;
(vi) To purchase, receive, subscribe for or otherwise
acquire, own, hold, vote, use, sell, mortgage, lend, pledge or
otherwise dispose of, and deal in and with, shares or other
interests in, or obligations of any entity;
(vii) To make contracts and guaranties, incur
liabilities, borrow money, issue notes, bonds and other
obligations, and secure any of its obligations by mortgage or
pledge of any of its property, franchises or income;
(viii) To lend money, invest and reinvest its funds
and receive and hold real and personal property as security for
repayment, except as limited by W.S. 17-19-832;
(ix) To be a promoter, partner, member, associate or
manager of any partnership, joint venture, trust or other
entity;
(x) To conduct its activities, locate offices and
exercise the powers granted by this act within or without this
state;
(xi) To elect or appoint directors, officers,
employees and agents of the corporation, define their duties and
fix their compensation;
(xii) To pay pensions and establish pension plans,
pension trusts and other benefit and incentive plans for any or
all of its current or former directors, officers, employees and
agents;
(xiii) To make donations not inconsistent with law
for the public welfare or for charitable, religious, scientific
or educational purposes and for other purposes that further the
corporate interest;
(xiv) To impose dues, assessments, admission and
transfer fees upon its members;
(xv) To establish conditions for admission of
members, admit members and issue memberships;
(xvi) To carry on a business;
(xvii) To do all things necessary or convenient, not
inconsistent with law, to further the activities and affairs of
the corporation.