[§414D-52]  General powers.  Unless itsarticles of incorporation provide otherwise, every corporation has perpetualduration and succession in its corporate name and has the same powers as anindividual to do all things necessary or convenient to carry out its affairsincluding, without limitation, the power:

(1)  To sue and besued, complain, and defend in its corporate name;

(2)  To have a corporate seal, which may be altered atwill, and to use it, or a facsimile of it, by impressing or affixing or in anyother manner reproducing it;

(3)  To make and amend bylaws, not inconsistent withits articles of incorporation or with the laws of the State, for regulating andmanaging the affairs of the corporation;

(4)  To purchase, receive, lease, or otherwise acquire,and own, hold, improve, use, and otherwise deal with, real or personalproperty, or any legal or equitable interest in property, wherever located;

(5)  To sell, convey, mortgage, pledge, lease,exchange, and otherwise dispose of all or any part of its property;

(6)  To purchase, receive, subscribe for, or otherwiseacquire, own, hold, vote, use, sell, mortgage, lend, pledge, or otherwisedispose of, and deal in and with, shares or other interests in, or obligationsof any entity;

(7)  To make contracts and guaranties, incurliabilities, borrow money, issue notes, bonds, and other obligations, andsecure any of its obligations by mortgage or pledge of any of its property,franchises, or income;

(8)  To lend money, invest and reinvest its funds, andreceive and hold real and personal property as security for repayment, exceptas limited by section 414D‑151;

(9)  To be a promoter, partner, member, associate, ormanager of any partnership, joint venture, trust, or other entity;

(10)  To conduct its activities, locate offices, andexercise the powers granted by this chapter within or without this State;

(11)  To elect or appoint directors, officers,employees, and agents of the corporation, define their duties, and fix theircompensation;

(12)  To pay pensions and establish pension plans,pension trusts, and other benefit and incentive plans for any or all of itscurrent or former directors, officers, employees, and agents;

(13)  To make donations not inconsistent with law forthe public welfare or for charitable, religious, scientific,or educational purposes, and for other purposes that further the corporateinterest;

(14)  To impose dues, assessments, admission, andtransfer fees upon its members;

(15)  To establish conditions for admission of members,admit members, and issue memberships;

(16)  To carry on a business;

(17)  To do all things necessary or convenient, notinconsistent with law, to further the activities and affairs of thecorporation. [L 2001, c 105, pt of §1]