Title 46, Chapter 9, Section 233
( 46-9-233)
Any company incorporated under this article may: (1) Sue and be sued; (2) Have a corporate seal; (3) Contract and be contracted with; (4) Take bonds of indemnity with security from its agents and
employees; (5) Acquire, by purchase, devise, or otherwise, and hold real and
personal property of any value in the amount necessary and proper
for the purpose for which the company is incorporated and sell,
mortgage, or otherwise dispose of the same; (6) Appoint all necessary officers; (7) Make rules, regulations, bylaws, and ordinances for the
control, direction, management, and operation of its affairs and
business, not inconsistent with the laws of this state or of the
United States; and (8) Have, enjoy, and exercise all the rights, powers, and
privileges pertaining to corporate bodies and necessary for the
purposes for which such corporation is created within this state
and within all the states and territories of the United States and
any foreign countries enumerated in the certificate of
incorporation, that shall permit or suffer the exercise of said
corporate powers within their limits. |