22 U.S. Code § 3612a - General powers of Commission
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(a) Corporate seal
The Commission may adopt, alter, and use a corporate seal, which shall be judicially noticed.
The Commission may by action of the Board of Directors adopt, amend, and repeal bylaws governing the conduct of its general business and the performance of the powers and duties granted to or imposed upon it by law.
(c) Suits by and against Commission
The Commission may sue and be sued in its corporate name, except that—
(1) the amenability of the Commission to suit is limited by Article VIII of the Panama Canal Treaty of 1977, section 3761 of this title, and otherwise by law;
(2) an attachment, garnishment, or similar process may not be issued against salaries or other moneys owed by the Commission to its employees except as provided by section 5520a of title 5 and sections 659, 661, and 662  of title 42, or as otherwise specifically authorized by the laws of the United States; and
(d) Contracts, leases, agreements, or other transactions
The Commission may enter into contracts, leases, agreements, or other transactions.
(e) Obligations and expenditures
(1) may determine the character of, and necessity for, its obligations and expenditures and the manner in which they shall be incurred, allowed, and paid; and
(f) Priority in payment of debts out of bankrupt estates
The Commission shall have the priority of the Government of the United States in the payment of debts out of bankrupt estates.
(g) Appointment of notaries public
(1) The Commission may appoint any United States citizen to have the general powers of a notary public to perform, on behalf of Commission employees and their dependents outside the United States, any notarial act that a notary public is required or authorized to perform within the United States. Unless an earlier expiration is provided by the terms of the appointment, any such appointment shall expire three months after the Canal Transfer Date.
(2) Every notarial act performed by a person acting as a notary under paragraph (1) shall be as valid, and of like force and effect within the United States, as if executed by or before a duly authorized and competent notary public in the United States.
(h) Limitations on authority
 See References in Text note below.
Source(Pub. L. 96–70, title I, § 1102a, as added Pub. L. 104–106, div. C, title XXXV, § 3524(a),Feb. 10, 1996, 110 Stat. 639; amended Pub. L. 105–85, div. C, title XXXV, §§ 3546, 3550(d)(3),Nov. 18, 1997, 111 Stat. 2073, 2074.)
References in Text
Sections 661 and 662 of title 42, referred to in subsec. (c)(2), were repealed by Pub. L. 104–193, title III, § 362(b)(1),Aug. 22, 1994, 110 Stat. 2246.
1997—Subsec. (g). Pub. L. 105–85, § 3546(2), added subsec. (g). Former subsec. (g) redesignated (h).
Subsec. (h). Pub. L. 105–85, § 3550(d)(3), made technical amendment to reference in original act which appears in text as reference to section 3612b of this title.
Pub. L. 105–85, § 3546(1), redesignatedsubsec. (g) as (h).