The Model Business Corporation Act states that a corporation has the power to do anything:

A) that an individual may do.
B) that is within its bylaws.
C) permitted under state statute.
D) that is objectively reasonable and customary in the trade.

Model Business Corporation Act

A standardized set of laws that serve as a blueprint for state legislatures to regulate the formation, operation, and dissolution of corporations.

Corporation Power

The legal and operational capabilities granted to a corporation by law, allowing it to conduct business, enter contracts, and own assets.