§ 202. General powers.

(a) Each corporation, subject to any limitations provided in this
chapter or any other statute of this state or its certificate of
incorporation, shall have power in furtherance of its corporate
purposes:

(1) To have perpetual duration.

(2) To sue and be sued in all courts and to participate in actions and
proceedings, whether judicial, administrative, arbitrative or otherwise,
in like cases as natural persons.

(3) To have a corporate seal, and to alter such seal at pleasure, and
to use it by causing it or a facsimile to be affixed or impressed or
reproduced in any other manner.

(4) To purchase, receive, take by grant, gift, devise, bequest or
otherwise, lease, or otherwise acquire, own, hold, improve, employ, use
and otherwise deal in and with, real or personal property, or any
interest therein, wherever situated.

(5) To sell, convey, lease, exchange, transfer or otherwise dispose
of, or mortgage or pledge, or create a security interest in, all or any
of its property, or any interest therein, wherever situated.

(6) To purchase, take, receive, subscribe for, or otherwise acquire,
own, hold, vote, employ, sell, lend, lease, exchange, transfer, or
otherwise dispose of, mortgage, pledge, use and otherwise deal in and
with, bonds and other obligations, shares, or other securities or
interests issued by others, whether engaged in similar or different
business, governmental, or other activities.

(7) To make contracts, give guarantees and incur liabilities, borrow
money at such rates of interest as the corporation may determine, issue
its notes, bonds and other obligations, and secure any of its
obligations by mortgage or pledge of all or any of its property or any
interest therein, wherever situated.

(8) To lend money, invest and reinvest its funds, and take and hold
real and personal property as security for the payment of funds so
loaned or invested.

(9) To do business, carry on its operations, and have offices and
exercise the powers granted by this chapter in any jurisdiction within
or without the United States.

(10) To elect or appoint officers, employees and other agents of the
corporation, define their duties, fix their compensation and the
compensation of directors, and to indemnify corporate personnel.

(11) To adopt, amend or repeal by-laws, including emergency by-laws
made pursuant to subdivision seventeen of section twelve of the state
defense emergency act, relating to the business of the corporation, the
conduct of its affairs, its rights or powers or the rights or powers of
its shareholders, directors or officers.

(12) To make donations, irrespective of corporate benefit, for the
public welfare or for community fund, hospital, charitable, educational,
scientific, civic or similar purposes, and in time of war or other
national emergency in aid thereof.

(13) To pay pensions, establish and carry out pension, profit-sharing,
share bonus, share purchase, share option, savings, thrift and other
retirement, incentive and benefit plans, trusts and provisions for any
or all of its directors, officers and employees.

(14) To purchase, receive, take, or otherwise acquire, own, hold,
sell, lend, exchange, transfer or otherwise dispose of, pledge, use and
otherwise deal in and with its own shares.

(15) To be a promoter, partner, member, associate or manager of other
business enterprises or ventures, or to the extent permitted in any
other jurisdiction to be an incorporator of other corporations of any
type or kind.

(16) To have and exercise all powers necessary or convenient to effect
any or all of the purposes for which the corporation is formed.

(b) No corporation shall do business in New York state under any name,
other than that appearing in its certificate of incorporation, without
compliance with the filing provisions of section one hundred thirty of
the general business law governing the conduct of business under an
assumed name.