Legal Rights of Corporations
1. To sue and be sued in a court of law.
2. To adopt and use a corporate seal and to modify
it when deemed expedient;
3. To acquire, purchase, hold, use and transfer
real and personal property of any kind and to make and accept
pledges, mortgages, leases, liens and encumbrances of every kind.
4. To appoint officers and agents.
5. To execute contracts of every kind.
6. To issue, without breaching the current laws
or the Articles of Incorporation, Bylaws for the management, regulation
and government of its business and assets, for the transfer of
shares, for the calling of shareholders' and directors' meetings
for any legal purpose.
7. To conduct business and to exercise its powers
in foreign countries.
8. To agree upon the dissolution in accordance
with the law, whether voluntarily or for other reasons.
9. To borrow money and to incur debts in relation
with its business or for any legal purpose; to issue bonds, promissory
notes, bills of exchange and other debt instruments (which may
or may not be convertible into shares of the corporation) payable
on determined date or dates, or payable upon the occurrence of
a specific event; whether secured by a mortgage or pledge, for
money borrowed or in payment of acquired assets, or for any other
legal consideration.
10. To guarantee, acquire, buy, hold, sell, assign,
transfer, mortgage, encumber, or otherwise dispose or trade in
shares, bonds or other debt instruments issued by other corporations
or by any municipality, province, state or government.
11. To do anything necessary for the execution
of the purposes established in the Articles of Incorporation or
in any amendments thereto, or what is necessary or convenient
for the protection and benefit of the corporation and, in general,
to undertake any legitimate business although not similar to any
of the purposes specified in the Articles of Incorporation or
its amendments.
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