FEDERAL · 15 U.S.C. · Chapter 13

Powers of Foundation

15 U.S.C. § 504
Title15Commerce 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.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Graduate Management Admission Council v. Raju
267 F. Supp. 2d 505 (E.D. Virginia, 2003)
16 case citations
New Line Cinema Corp. v. Russ Berrie & Co.
161 F. Supp. 2d 293 (S.D. New York, 2001)
8 case citations
Rocking Chair Enterprises, L.L.C. v. MacErich SCG Ltd. Partnership
407 F. Supp. 2d 1263 (W.D. Oklahoma, 2005)
4 case citations
Stokes v. MilkChocolateNYC LLC
(S.D. New York, 2023)

Source Credit

History

(June 10, 1930, ch. 440, §4, 46 Stat. 540.)

Cite This Page — Counsel Stack

Bluebook (online)
15 U.S.C. § 504, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/504.