Source: http://www.law.cornell.edu/uscode/text/12/2289?qt-us_code_tabs=1
Timestamp: 2014-08-01 16:23:06
Document Index: 346760520

Matched Legal Cases: ['§ 2289', '§ 2289', '§ 2289', '§ 10', 'art 810', 'art 811']

12 U.S. Code § 2289 - General powers | LII / Legal Information Institute
U.S. Code › Title 12 › Chapter 24 › § 2289 12 U.S. Code § 2289 - General powers
The Bank shall have power—
to sue and be sued, complain, and defend, in its corporate name;
to adopt, alter, and use a corporate seal, which shall be judicially noticed;
to adopt, amend, and repeal bylaws, rules, and regulations as may be necessary for the conduct of its business;
to conduct its business, carry on its operations, and have offices and exercise the powers granted by this chapter in any State without regard to any qualification or similar statute in any State;
to lease, purchase, or otherwise acquire, own, hold, improve, use, or otherwise deal in and with any property, real, personal, or mixed, or any interest therein, wherever situated;
to accept gifts or donations of services, or of property, real, personal, or mixed, tangible or intangible, in aid of any of the purposes of the Bank;
to sell, convey, mortgage, pledge, lease, exchange, and otherwise dispose of its property and assets;
to appoint such officers, attorneys, employees, and agents as may be required, to define their duties, to fix and to pay such compensation for their services as may be determined, subject to the civil service and classification laws, to require bonds for them and pay the premium thereof;
to enter into contracts, to execute instruments to incur liabilities, and to do all things as are necessary or incidental to the proper management of its affairs and the proper conduct of its business;
to act through any corporate or other agency or instrumentality of the United States, and to utilize the services thereof on a reimbursable basis, and any such agency or instrumentality is authorized to provide services as requested by the Bank; and
to determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed, and paid, subject to provisions of law specifically applicable to Government corporations.
(Pub. L. 93–224, § 10,Dec. 29, 1973, 87 Stat. 940.)
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.12 CFR - Banks and Banking12 CFR Part 810 - FEDERAL FINANCING BANK BILLS12 CFR Part 811 - BOOK-ENTRY PROCEDURE FOR FEDERAL FINANCING BANK SECURITIES