2023 New York Laws › BNK - Banking › Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies › Title 2 - Corporate Powers › 2001 - General Corporate Powers.

§ 2001.  General corporate powers. 1. Every corporation shall have, in
addition to all other powers  granted  by  this  chapter  or  any  other
statute of this state, the following powers:
(a) To sue and be sued in all courts and to participate in actions and
proceedings, whether judicial, administrative, arbitrative or otherwise,
in like cases as natural persons.
(b)  To have a corporate seal, and to alter such seal at pleasure, and
to use it by causing it or a facsimile to be  affixed  or  impressed  or
reproduced in any other manner.
(c)  To  adopt,  amend  or repeal by-laws, including emergency by-laws
made pursuant to subdivision sixteen of  section  twelve  of  the  state
emergency  defense act, relating to the business of the corporation, the
conduct of its affairs, its rights or powers or the rights or powers  of
its stockholders, directors or officers.
(d)  To  make  donations,  irrespective  of corporate benefit, for the
public welfare or for community fund, hospital, charitable, educational,
scientific, civic or similar purposes, and  in  time  of  war  or  other
national emergency in aid thereof.
(e)  To pay pensions, establish and carry out pension, profit-sharing,
savings, thrift and  other  retirement,  incentive  and  benefit  plans,
trusts  and  provisions  for  any  or all of its directors, officers and
employees.
(f) To have perpetual existence.
2. Every corporation, subject to any  limitations  or  other  specific
provisions  contained in this chapter or any other statute of this state
or its organization certificate, shall have such of the following powers
as shall be appropriate in conducting the business of the corporation:
(a) To purchase, receive, take by  grant,  gift,  devise,  bequest  or
otherwise,  lease, or otherwise acquire, own, hold, improve, employ, use
and otherwise deal in and  with,  real  or  personal  property,  or  any
interest therein, wherever situated.
(b)  To  sell,  convey, lease, exchange, transfer or otherwise dispose
of, all or any  of  its  property  or  any  interest  therein,  wherever
situated.
(c) To make contracts, give guarantees and incur liabilities.
(d)  To  do  business,  carry  on its operations, and have offices and
exercise the powers granted by this chapter in any  jurisdiction  within
or without the United States.
(e)  To  elect  or appoint officers, employees and other agents of the
corporation,  define  their  duties,  fix  their  compensation  and  the
compensation of directors, and to indemnify corporate personnel.
(f)  To  be a promoter, partner, member, associate or manager of other
business enterprises or ventures, or to  the  extent  permitted  in  any
other  jurisdiction  to  be an incorporator of other corporations of any
type  or  kind;  provided,  however,  that  nothing  contained  in  this
paragraph  shall  authorize  a  banking  organization  to  engage in any
activity not otherwise  authorized  by  the  laws  of  New  York  or  by
regulations of the superintendent.
(g)  To have and exercise all other powers necessary or appropriate in
conducting the business of the corporation.