Asked by refan waleed on Jun 04, 2024

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What are the six express corporate powers, as set forth in the text?

Express Corporate Powers

The specific authorities granted to a corporation through its charter and state law, allowing it to perform certain actions.

  • Acquire knowledge on the legal rules regarding the creation and management of corporate entities.
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Smith DesirJun 07, 2024
Final Answer :
Following are express powers of a corporation:
1. Power to have perpetual existence
2. Power to sue and be sued in the corporation's name
3. Power to acquire property; power to make contracts and borrow money
4. Power to lend money
5. Power to make charitable donations
6. Power to establish rules for managing the corporation