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A. Each corporation shall have the power:

1. To have perpetual existence and succession by its corporate name, unless a limited period of duration is stated in its articles of incorporation;

2. To sue and be sued in Osage Nation Court (and complain and defend in its corporate name), subject to the terms and limitations of Part 7 of this chapter in the case of a public purpose corporation, and shall be limited to available assets of the corporation to satisfy any such judgment;

3. To have a corporate seal which may be altered at pleasure and to use the same by causing it, or a facsimile thereof, to be impressed or affixed or in any other manner reproduced;

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

5. To sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of all or any part of its property and assets, subject to any restrictions imposed under applicable Nation or federal law;

6. To lend money to and otherwise financially assist the beneficiaries of its programs, including its employees and its officers and directors, subject to the limitations stated in Section 6-111;

7. To purchase, take, receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, loan, pledge, or otherwise dispose of, and otherwise use and deal in and with, shares or other interests in, or obligations of, corporations and limited liability companies, whether or not incorporated under the laws of the Nation, associations, partnerships, or individuals, or direct or indirect obligation of the United States, or of any other government, state, territory, governmental district, municipality, or of any instrumentality thereof of the Nation or any tribe;

8. To make contracts 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 all or any of its property or revenue;

9. To lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested;

10. To conduct its affairs, carry on its operations, hold property, and have offices and exercise the powers granted by this Code;

11. To elect or appoint officers and agents of the corporation, and define their duties and fix their compensation;

12. To make and alter bylaws not inconsistent with its articles of incorporation or with the laws, ordinances, and regulations of the Osage Nation and the United States for the administration and regulation of the affairs of the corporation; and

13. Unless otherwise provided in the articles of incorporation, to make donations for the public welfare or for religious, charitable, scientific research, or educational purposes, or for other purposes for which the corporation is organized. ONCA 21-27, eff. Apr. 6, 2021.