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2026-07-06 10:51:44 -04:00

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LegalText 36 U.S.C. § 30105 Powers us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 301 BIG BROTHERS—BIG SISTERS OF AMERICA 30105 36 U.S.C. § 30105 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc36@119-100.zip /us/usc/t36/s30105 data/legal/raw/us/code/title-36/usc36.xml cd36ed1238d9a478653a719d95fb184bb1399ca710b8c3a7c51a97182a44b7a1 d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d e7cca3eea867a6ec3c8a849b3d38349d09e56463de6acdbf41dddf33bb0d6975 2026-07-04 official
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36 U.S.C. § 30105 - Powers

Text

The corporation may—

(1) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;

(2) adopt and alter a corporate seal;

(3) choose officers, managers, agents, and employees as the activities of the corporation require;

(4) make contracts;

(5) acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;

(6) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; and

(7) sue and be sued.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1315.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 3010536:884(2)(9).Sept. 2, 1958, Pub. L. 85870, § 4(2)(9), 72 Stat. 1691. 36:896.Sept. 2, 1958, Pub. L. 85870, § 16, 72 Stat. 1695; Nov. 11, 1977, Pub. L. 95167, § 1(f), 91 Stat. 1347. In this section, the text of 36:896 is omitted as executed and obsolete. In clause (1), the words “and alter” and “not inconsistent with the laws of the United States or any State in which the corporation is to operate” are omitted as unnecessary. In clause (2), the word “use” is omitted as unnecessary. In clause (3), the word “activities” is substituted for “business” for consistency in the revised title. In clause (4), the words “make contracts” are substituted for “contract and be contracted with” to eliminate unnecessary words. Clause (5) is substituted for “take by lease, gift, purchase, grant, devise, or bequest from any private corporation, association, partnership, firm, or individual and to hold any property, real, personal, or mixed, necessary or convenient for attaining the objects and carrying into effect the purposes of the corporation” and “transfer, convey, lease, sublease, encumber, and otherwise alienate real, personal, or mixed property” for consistency in the revised title and to eliminate unnecessary words. The words “subject, however, to applicable provisions of law of any State (A) governing the amount or kind of property which may be held by, or (B) otherwise limiting or controlling the ownership of property by, a corporation operating in such State” are omitted as unnecessary. In clause (6), the words “instruments of indebtedness” are substituted for “bonds” for consistency in the revised title. The words “secure its obligations by granting security interests in its property” are substituted for “secure the same by mortgage, deed of trust, pledge, or otherwise” to eliminate unnecessary words. The words “for the purposes of the corporation”, “therefor”, and “subject in every case to all applicable provisions of Federal and State laws” are omitted as unnecessary. In clause (7), the words “complain, and defend in any court of competent jurisdiction” are omitted as unnecessary.