36 U.S.C. § 130305

Powers

The corporation may—

(1)

adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs;

(2)

adopt and alter a corporate seal;

(3)

make contracts;

(4)

acquire, own, lease, encumber, and transfer property as necessary or convenient to carry out the purposes of the corporation;

(5)

borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property;

(6)

charge and collect membership dues; and

(7)

sue and be sued.

( Pub. L. 105–225 , Aug. 12, 1998 , 112 Stat. 1375 .)