§ 27-66-20 - General powers and limitations. - Rhode Island Statutes

SECTION 27-66-20

   § 27-66-20  General powers and limitations.– For the purposes of exercising the specific powers granted in this chapter andeffectuating the other purposes of this chapter, the foundation:

   (1) May be sued and sue;

   (2) May have a seal and alter it at will;

   (3) May make, amend, and repeal rules relating to the conductof the business of the foundation;

   (4) May enter into contracts relating to the administrationof the foundation;

   (5) May rent, lease, buy or sell property in its own name andmay construct or repair buildings necessary to provide space for its operations;

   (6) May hire personnel, consultants and experts and setsalaries; and

   (7) May perform all other functions and exercise all otherpowers that are necessary, appropriate or convenient to administer thefoundation.