Corporations have power to:

1. Have perpetual succession by its corporate name, unless a limited period of duration is stated in its certificate of incorporation;
2. Sue and be sued in all courts and participate, as a party or otherwise, in any judicial, administrative, arbitrative or other proceeding, in its corporate name;
3. Have, use, and change a corporate seal;
4. Own, deal in or with, any property, or any interest therein;
5.  “Appoint such officers and agents as the business of the corporation requires and to pay or otherwise provide for them suitable compensation;”
6.  “Adopt, amend and repeal bylaws;”
7.  “Wind up and dissolve itself in the manner provided in this chapter;”
8.  “Conduct its business, carry on its operations and have offices and exercise its powers within or without this State;”
9.  “Make donations for the public welfare or for charitable, scientific or educational purposes, and in time of war or other national emergency in aid thereof;”
10.  “Be an incorporator, promoter or manager of other corporations of any type or kind;”
11.  Participate with others in any association of any kind, or in any arrangement which the participating corporation would have power to conduct by itself, whether or not such participation involves sharing or delegation of control with or to others;
12. Transact any lawful business which the corporation’s board of directors shall find to be in aid of governmental authority;
13. Make all kinds of contracts, including finance contracts, and make contracts of guaranty and suretyship which are necessary or convenient to the conduct, promotion or attainment of the business of single-shareholder parent or grand-parent or wholly-owned subsidiary corporations, “which contracts of guaranty and suretyship shall be deemed to be necessary or convenient to the conduct, promotion or attainment of the business of the contracting corporation, and make other contracts of guaranty and suretyship which are necessary or convenient to the conduct, promotion or attainment of the business of the contracting corporation;”
14. Lend, invest and reinvest funds, and take security for such funds;
15. Pay pensions and establish and carry out pension and compensation plans, for any or all of its directors, officers and employees, or those of its subsidiaries;
16. Provide insurance for its benefit on the life of any of its directors, officers or employees, or on the life of any stockholder for the purpose of acquiring at such stockholder’s death shares of its stock owned by such stockholder.
17. Renounce, in its certificate of incorporation or by action of its board of directors, any interest or expectancy of the corporation in specified business opportunities or specified classes or categories of business opportunities that are presented to the corporation or 1 or more of its officers, directors or stockholders.