§ 16-32.1-3 - Additional powers.
SECTION 16-32.1-3
§ 16-32.1-3 Additional powers. – The research foundation shall have, in addition to the powers enumerated in§ 16-32.1-2, all the powers necessary and convenient to carry out andeffectuate the purposes and provisions of this chapter including, but notlimited to, the power to:
(1) Sue and be sued, complain and defend, in its corporatename;
(2) Have a corporate seal that may be altered from time totime at its pleasure, and use the seal by causing it, or a facsimile thereof,to be impressed or affixed or in any other manner reproduced;
(3) Sell, convey, pledge, lease, exchange, transfer andotherwise dispose of all or any part of its property, assets and accounts forsuch consideration and upon such terms and conditions as the researchfoundation shall determine;
(4) Make contracts, liabilities and borrow money as theresearch foundation may determine;
(5) Make and execute all contracts and agreements andinstruments necessary or convenient in the exercise of the powers and functionsof the research foundation granted by this chapter;
(6) Receive, take, hold, invest, manage, administer, controland generally care for any intellectual or personal property, which it may begiven, devised or otherwise conveyed or made available to the researchfoundation.