FEDERAL · 15 U.S.C. · Chapter 13
Powers of Foundation
15 U.S.C. § 504
Title15 — Commerce and Trade
Chapter13 — TEXTILE FOUNDATION
This text of 15 U.S.C. § 504 (Powers of Foundation) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
15 U.S.C. § 504.
Text
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.
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Source Credit
History
(June 10, 1930, ch. 440, §4, 46 Stat. 540.)
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Bluebook (online)
15 U.S.C. § 504, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/504.