The corporation has only the powers provided in its bylaws and articles of incorporation filed in each State in which it is incorporated.
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)21006 36 App.:5902. Aug. 13, 1998, Pub. L. 105–231, §2, 112 Stat. 1530. The words "each State in which it is incorporated" are substituted for "the State of Texas" for consistency in the revised title. The words "and subject to the laws of the State of Texas" are omitted as unnecessary.
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