Federal · Title 15 — Commerce and Trade
15 U.S.C. § 146: General powers of corporation
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Shall have the right of succession during the existence of the corporation; Shall have a corporate seal and may, with the approval of the Secretary, alter it; May sue and be sued; Shall have the right to transact the business authorized by its articles of incorporation and such further business as is properly connected therewith or necessary and incidental thereto; May make contracts and incur liabilities; May acquire and hold real or personal property, necessary to effect the purpose for which it is formed, and dispose of such property when no longer needed for such purposes; May borrow money and issue its notes, coupon or registered bonds, or other evidences of debt, and secure their payment by a mortgage of its property; and May establish such branch offices at such places in China as it deems advisable.
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