36 USC § 170104 - Powers
(a)
Specific Powers.—
The corporation may—
(3)
choose officers, representatives, and agents as necessary to carry out the purposes of the corporation;
(6)
acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;
(7)
borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
(a)
Specific Powers.—
The corporation may—
(3)
choose officers, representatives, and agents as necessary to carry out the purposes of the corporation;
(6)
acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation;
(7)
borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;
Source
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1440.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 170104(a) | ||
| 36:1154 (less perpetual succession). | ||
| Aug. 11, 1971, Pub. L. 92–93, §§ 4 (less perpetual succession), 13, 85 Stat. 317, 319. | ||
| 170104(b) | ||
| 36:1163. | ||
In subsection (a)(1), the word “amend” is substituted for “alter” for consistency in the revised title. The words “not inconsistent with law” are omitted as unnecessary.
In subsection (a)(6), the words “acquire, own, lease, encumber, and transfer” are substituted for “acquire, hold, and dispose of” for consistency in the revised title. The words “such real and personal” and “as may be” are omitted as unnecessary.
In subsection (a)(7), the words “for the purposes of the corporation” are omitted as unnecessary. The words “issue instruments of indebtedness, and secure its obligations by granting security interests in its property” are substituted for “issue bonds therefor, and secure the same by mortgage” for consistency in the revised title. The words “subject in every case to all applicable provisions of Federal and State law” are omitted as unnecessary.
In subsection (a)(12), the words “any other act” are substituted for “any and all acts and things” for consistency in the revised title and to eliminate unnecessary words. The words “objects and” are omitted as unnecessary.
In subsection (b), the words “Such provisions”, “and prerogatives”, “heretofore”, and “hereby” are omitted as unnecessary.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, May 21, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
| 36 USC | Description of Change | Session Year | Public Law | Statutes at Large |
|---|
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