36 USC 20206 – Powers
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The corporation has only the powers provided in its bylaws and articles of incorporation filed in each State in which it is incorporated.
Terms Used In 36 USC 20206
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7