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U.S. Code

§ 140103. Powers

The corporation may—
(1) adopt and amend bylaws;
(2) adopt and alter a corporate seal;
(3) appoint or elect officers and agents;
(4) choose a board of trustees, consisting of at least 5 but not more than 15 individuals, to conduct the business and exercise the powers of the corporation;
(5) establish and maintain offices to conduct its activities;
(6) acquire, own, lease, encumber, and transfer property as necessary or appropriate to carry out the purposes of the corporation;
(7) charge and collect membership dues and receive contributions of money or property to be devoted to carrying out the purposes of the corporation;
(8) sue and be sued; and
(9) do any other act necessary or appropriate to carry out the purposes of the corporation.
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