Asked by refan waleed on Jun 04, 2024
Verified
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.
Verified Answer
SD
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
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
Learning Objectives
- Acquire knowledge on the legal rules regarding the creation and management of corporate entities.
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